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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (9052)	11/29/1999 1:01:00 AM
From: Michael Burry	Read Replies (1) of 78595

Jim, With your skills, I'd still expect you to be able to do better cherry-picking than using a shotgun short approach. I've been around the web tonight trying to buy a phone. Buy.com's site won't load. Amazon.com doesn't have what I'm looking for (something advertised in the local newspaper on sale at the local Target and/or Best Buy). Buyitnow and some others just are not smooth or easy to use. Operationally speaking, these online companies don't have it together yet. But they are just out there grabbing as much sales as possible. Compare this to WalMart, which held off its site launch in order to make sure everything would be A-OK smooth. I'm looking forward to the day when WalMart gets its online act together and does it right. For now, I'll just plan on stopping by Target tomorrow with newspaper ad in hand. And wait for the day when the Amazon's get their heads handed to them by superior management and marketing muscle. Mike

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