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Strategies & Market Trends : Value Investing

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To: LauA who wrote (14185)	3/29/2002 10:53:33 AM
From: Jurgis Bekepuris	Read Replies (1) of 78740

Hi all, I did not listen to roundtable, so my comments are second-hand. With that in mind, I disagree with Buffett quote that everything should be left to CEOs to explain in their letter even assuming that you would only invest in companies whose CEOs you trust. Unfortunately, like someone on this thread (or Buffettology) said some time ago, we are not Buffett, we do not meet CEOs and we do not know if we can trust them. So we do need to have hard numbers on the paper and not just CEOs letter. LauA says: "avoid wasting time on companies that don't behave his way". Unfortunately again, I know exactly two companies that behave HIS WAY: BRK and Wesco. And both are not exactly bargains. Even more, both fail Warren's other criterium: understandability. If anyone has suggestions of good companies with trusted management on the level of Warren that are also cheap, let me know. Jurgis - not holding my breath... :-(((

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