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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (29376)	12/22/2007 12:47:55 AM
From: Jurgis Bekepuris	Read Replies (2) of 78476

You see that's exactly the situation where book value is not important while trust is. And you are being disingenuous comparing well known issue of nontransparency of financial/insurance balance sheets to "reading any 10k where they list all the potential bad things that could happen to the company". Most of those are really remote or possible to evaluate while we are sitting in the middle of one of the largest blowups of the financials throughout history. And you have the chutzpah to claim that it's not a big deal. Brushing off very legitimate concerns is not competence whatever you claim. my opinion is nobody should be investing in these companies, because nobody outside the company will ever know the assets well enough to actually and factually know if the company reserved enough - amen to that. Unless you really trust the management to be clean and know what they are doing.

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