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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (14761)7/9/2002 5:40:27 AM
From: Dale Baker  Read Replies (1) of 79024
 
Yes, I overreacted in a late-night (my time) response. My intent was to emphasize that value investing is not a simple formula you can toss in one book (or a few posts) like the G&K stuff.

I have to admit I started to read the GK bible and quit not far into it - too boring and simplistic.

As one of those who didn't lose much except some bubble profits in the Naz drop (I was flat in 2000 and made profits last year and this year YTD), I think value investing takes patience, judgment, discipline and a real willingness to ignore the headlines and dig into dark, unloved corners of the market.

All of which is the antithesis of GK momentum plays.

So all hail everyone here who worked hard and stuck to their guns and made value investing a success since the bubble burst.
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