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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (7429)6/7/1999 12:03:00 AM
From: Michael Burry  Read Replies (1) of 78666
 
That experience has been a major reason I
have underperformed in this bull market, since I just can't justify paying
30 times multiples for large companies growing earnings 10% or buying
Internet type stocks that will never justify from a traditional investment
point of view even 10% of their highs.

But...then...neither can most of us on this thread. And a lot of us haven't seen a bear market in person at all.

Mike
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