What Igor Cornelsen has managed to do that other investors have failed to do is provide free advice. He has become one of those retired bankers that has a wealth of advice to give people that simply cannot afford to pay for any type of financial planners. This certainly has been the case for me, and I do not feel like I have missed anything by using his advice. In fact, I believe that I have been able to gain more from his advice than anything that I could get from a paid financial planner.
What I discovered was that he was referencing the future of a company when he talked about damaged stocks or damaged companies. This is how I learned that there are some companies that have damaged stocks, but the company is not necessarily bad. The organization may have had some type of bad recall or a bad product. This could cause a drop in sales, but it is not the end for this organization. A damaged company, however, is one that cannot compete successfully with the competition. This organization, by contrast, may have a product that is being phased out. This may be the core product that the company is known for. Igor Cornelsen’s advice gave me the ability to differentiate between the two.