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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (9064)11/30/1999 5:09:00 AM
From: Paul Senior  Read Replies (2) of 78594
 
Mike Burry, interesting way you have of managing portfolios. I don't get it, maybe never will. Yes, I don't have any confidence in Chinese companies. Even if they have US based assets. They have no real good legal or geopolitical responsibilities to capitalist investors. That's all okay. No reason not to invest a reasonable amount in particular companies there.

But you put 1/3 DSWL into your Mom's account and 80% in a private trust????
Since I know you're not stupid, I assume that your Mom must have, in addition to the 3 total individual stocks, perhaps a bunch of mutual funds/bonds/money market funds. And 80% in a private trust? I assume there must be some diversification there too. (If not, Holy Cow!)

Jeez. What's the point though with only so few individual stocks? Unless you're just doing it for you - why not just put it ALL in mutual funds and be done with it? And of all the stocks mentioned by all the people on this thread, it boils down to basically DSWL. That's the best and almost only thing that you see or saw in your role as manager with prudent and fiduciary responsibilities?

Nothing like having that one stock double or triple though. Everybody happy. I think the whole thing is.....I don't know what to think. Sigh. I give up on commenting further.
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