When WorldCom became the latest big stock to blow up, I called my most trusted sources among money managers to ask how an individual investor can avoid buying such a bomb. The most common answer I got startled even an old cynic like me: We can't talk right now; we're too busy trying to unload our WorldCom shares. So don't feel foolish if you have been whacked. A lot of "smart money" has too. And there's plenty you can do to minimize your odds of owning the next disaster. Here are my dos and don'ts:
--DON'T BUY "SERIAL ACQUIRERS" Great companies...
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