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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (30793)	4/29/2008 9:49:44 AM
From: Jurgis Bekepuris	Read Replies (2) of 78748

Olstein's picks from the article - Tribune. This may have worked out well for Olstein, but one thing that I started to internalize even more from Buffett is the importance of the long term macro trends. Even though Buffett still holds his newspaper stocks - apparently he does not want to abandon them by selling - I think that swimming against the current is hard. I got rid of GCI and do not plan to reenter. It's much nicer when the wind is blowing into the back than when they blowing into the face. ;) Of course, for most industries this is not as clearcut as for newspapers or for airlines ;). However, I am somewhat vary about such companies I own as US retailers (though I expect a rebound), US defence (CRDN), HOG, steel (PKX), and patent-based research-intensive pharmas. I still that oil E&Ps still have a wind behind their back although a lot of them becoming fairly valued. I also like China internal-facing plays such as medical and top entertainment companies.

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