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Strategies & Market Trends : Value Investing

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To: rjm2 who wrote (17587)8/16/2003 11:38:38 PM
From: jeffbas  Read Replies (1) of 78531
 
"inability to find the kind of buys that I find compelling"

I suggest being careful as to the standards you are using. Just as we may not live long enough to see the general level of excess seen in early 2000, I also doubt that we will see any time soon the kinds of valuation in tech stocks (and many others) that existed last Fall. Somewhere in between is the kind of valuation levels that will exist most of the time. If you sit there in cash, thinking about those Fall valuations, you may be earning 1% for a long time. The biggest mistake I have made this year by far is to spend too much time looking into the rear view mirror - "It was a great buy at $10 and it just has to be a bad buy at $20".
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