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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (19629)9/2/2004 7:08:16 PM
From: Madharry  Read Replies (2) of 78704
 
If you were wrong then why would you be right now? I ask because you reminded me of a book im in the middle of reading-something like a mathematician does wall street- where he talks about regularly adding to a losing position in MCI-Worldcom at lower and lower prices hoping that it would it turn around-relying on its bargain p/e ratio at the time to rationalize his additional deployments of capital towards a losing position.
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