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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (10911)7/10/2000 2:41:51 PM
From: Paul Senior  Read Replies (3) of 78475
 
I am not talking age of the investor. I don't believe I ever mentioned a person's youth. It's a benefit imo, when we are in a bull market or times like now. Because those with the greatest guts make the most money. That's usually youth vs age, imo. I am talking experience years in the market. And how people come to learn what works.
How do you learn Mike?

Take a key issue everyone must face. Market timing. You've read and summarized what, 65 books on investing? What do these books mostly or all say about trying to time the market? You've got 8-9 years market experience. How many times have you come on this thread in the past few years to announce you're going to cash or reducing positions because the market is too frothy, expensive, etc. Then come back later to say you're in with a buy on such-and-such. Wasn't it just about 3 months ago you posted to Jim Clarke you were ceasing to try to time the market and instead henceforward intended to pick up bargains as you saw them? Are you not moving closer to the way the 'the experts' (authors) say you should invest? Do you not see yourself as a better investor now, with the experience you have, than where you were 4-5 years ago?

Paul,
who sees years in the market as improving one's investing skills and abilities (asymtotically)
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