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Strategies & Market Trends : Value Investing
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To: Woody_Nickels who wrote (1718)8/21/1997 1:13:00 AM
From: James Clarke   of 78803
 
<<Scary, isn't it? These are people that will bail out at the bottom
and buy in near the top.>>

When you meet one of those people, give them a big smile and shake their hand. Congratulate them on all their profits. These are the guys who make value investing work. As an institutional investor, my mission in life is to buy from them and sell to them. (and they're not the guy on the street. most of that "dumb money" is institutional. it hasn't looked so dumb lately, but I'm not changing my thinking.
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