SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jurgis Bekepuris who wrote (21900)8/12/2005 10:28:34 PM
From: Paul Senior  Read Replies (2) of 78669
 
Jurgis Bekepuris. You might be very right.

Regarding: "Just don't be surprised if we get a dip to ~1K in S&P and similar dips in other indices."

I won't be surprised, but I will be crying. I hope not too much on this thread. It won't be a pretty sight.

I keep adding and adding and adding to my oil stock plays. If I posted every time I did this, this would become the de facto Paul Senior thread--- with people yipping at me to shut up already.

Somehow I've gotten off track. Instead of trying to be balanced and looking for bargains (however defined), I've largely (in a very unbalanced way) just gone along with the flow on these oil stocks. Of course, since there's no way for a normal person (me- in the old days) to really understand the innards of even simple companies (how much is hedged if anything now vs. future; how much are probable reserves vs. accounting reserves; for whose benefit are the companies being run - insiders with options vs. all stockholders; and who are these people running these companies - salesmen who suck up money for their drilling programs or business people with their own money on the line?, etc. etc. - I am VERY diversified across many subsectors and within those subsectors too.

------On following Buffett--------

I'm surprised and disappointed that we're not reading more of I-follow-Buffett-and-he-bought-oil-so-I-followed-him-and- bought-oil-too. Or something like, "Senior, if you just followed Buffett and bet on him, you wouldn't have to dissipate your psychic energy and diversify all over the place"

I can't be the only one around here still holding some PTR:

Message 18940288

finance.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News