SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (29753)1/23/2008 11:44:09 AM
From: Jurgis Bekepuris  Read Replies (1) of 78652
 
I received Marty's last quarter investment letter yesterday. He stands by his investments in RDN and MBI and rants against the short-term "price to market" adjustments of contracts that companies plan to hold until termination. He does make some sense: if you don't plan to sell the contract/CDO/CDS/whatever, it is not very important that NOW it is worth 50% less than yesterday. You were not going to sell it anyway and you don't plan to sell it now. The important part is really what happens at the end of life: how much did it cost and how much money you got out of it. Anyway, I cannot repeat it better than Marty himself, so go and read his letter. :)

Disclosure: I hold both TAVFX and TAVIX and I am planning to hold them for very long time. At least while Marty is alive and grumpy. :)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News