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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (13831)2/3/2002 10:51:10 AM
From: Brendan W  Read Replies (1) of 78670
 
Clipper fund report.

I believe the Clipper fund has an outstanding long-term performance record and it has done so under the same manager and with a value orientation. I enjoyed this report from October:

sec.gov

Some choice quotes from the previous report:
Ezra Solomon: "The only function of economic forecasting ist to make astrology look respectable."
Technology CEO: "Our technology is far too advanced for the accounting practices now used."
Clipper: "We prefer a PE ratio of one on one-time gains"
Mae West on options: "Too much of a good thing can be wonderful"
Of Jay Gould:"When he is speaking he is lying. When he is silent he is stealing."
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