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Strategies & Market Trends : Value Investing

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To: Investor2 who wrote (8152)9/4/1999 12:24:00 PM
From: Michael Burry  Read Replies (1) of 78822
 
From a value investor's perspective, there is a very good, depressing story in the September SmartMoney re: the ex-chief at Lindner who evidently value invested his way out of a job. One vignette has him working out on the treadmill, watching CNBC, and just praying for the market to crash and show him right. But then it did crash in late 98, and he lost more than the indices. And then it recovered, and his funds didn't move. Maybe he was just preternaturally inflexible and that was the reason. But tell me that some of us can't put ourselves in his shoes and feel what he was feeling.

Mike
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