L.G.: What percentage of your net worth do you have in the markets, versus C.D.’s and other risk-averse investments, and how do you decide where to put your money? What stocks do you like, dislike?
M.C.: I don’t know the percentages. I stay pretty conservative and try to stick to things that pay me rather than things I just pray go up because someone else decided to buy some shares.
I have some stock investments that I have made over the years but don’t look at them very often and haven’t traded them much if at all over the past few years.
L.G.: And most important, how have you done?
M.C.: I do fine. I bought things that paid dividends or interest, and they go up over time. I will take positions in strategic shorts, meaning I don’t go through and read all the S.E.C. filings. I look for companies that are out-and-out liars or are in a business that I don’t think has a future. (And no, I’m not going to name names. Companies that are shorted tend to put more effort into being litigious rather than spending time trying to actually run a profitable business.)