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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (2447)	11/15/1997 5:16:00 AM
From: John Langston	of 78669

Mike: I've had the same concerns about Buffet's approach in that I will never control a company through stock ownership, and if I did, my advice would never translate to shareholder value the way his ingenius advice does. So, can the average investor actually mimic his approach effectively? I think BUFFETOLOGY adequately answers that question in the affirmative. As for Buffet never experiencing a bad year, Mary Buffet attributes his shorter-term arbitrage plays as a primary factor. And, herein lies much of the confusion about many of his stock picks. John

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