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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (9104)	12/2/1999 4:53:00 PM
From: Paul Senior	of 78633

Mike: I'm not changing the focus to a discussion of crooks in American business. What I am saying is-- based on what information I have: You put 1/3 of somebody's portfolio and 80% of another's into a Chinese micocap. A company that per Yahoo is an injection molding shop that does about 50M-60M in sales and has a four year public history. A company with a lot of cash on its books. You say from your knowledge of the management and business there's no or minimal risk. I'm saying, I don't care if you speak fluent Chinese and have a desk in the CEO's office. Or that there's a dollar in the till for each dollar of sales. In making this one investment such a substantial portion of somebody's stock portfolio the portfolio itself was put at risk. Maybe it was necessary to meet the requirement/goal of the portfolio. Maybe not. But there was risk. Sorry you don't see it. Contrawise -g-, sorry I didn't or couldn't see the positives in DSWL stock. Otherwise I would have bought. Paul

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