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: Paul Senior who wrote (58962)1/24/2017 12:24:15 PM
From: Graham Osborn  Read Replies (1) of 78778
 
Paul, you haven't explained why USNU is a business that I shouldn't like to own. Customer loyalty is unquestioned because the whole system is installed in the hospital's basement - it ain't going anywhere and they are locked in for many years. For SAFM, the capital replacement cost is the issue. When I am wrong about the fundamental economics of a business I will sell immediately - no departure from Buffett there.

My approach has changed a lot over the past few years, so I wouldn't be surprised if half of you think I am crazy. I think of learning to invest as like learning to program a computer, except that the consequences of ones decisions are stretched out over a period of years. One can avoid many errors by reading, but young people are still known to make them from time to time.

What I am doing now is very similar to what Buffett was doing in his early 20s. I'm perfectly willing to hear your objective arguments on why it is a poor approach for someone who cares nothing for market volatility and looks only at fundamentals. As a retiree, I get that you don't like volatility and therefore feel the need to own 100s of stocks you've never even read filings for.

You are right, we are on different planes. I won't kick the beehive further on this particular discussion, but hopefully it was educational for others :)
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