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Strategies & Market Trends : Value Investing

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To: ValueGuy who wrote (43344)7/15/2011 2:48:30 PM
From: Jurgis Bekepuris2 Recommendations  Read Replies (2) of 78639
 
Like Graham said: "The risk of paying too high price for good-quality stocks is NOT the chief hazard... Chief losses ... come from purchase of low quality securities at times of favorable business conditions".

On one hand, yes, there are people (like me) who thought GOOG to be overvalued when it IPOd and missed 4-6 bagger. On the other hand, there are people who held INTC, CSCO, KO, PEP, MSFT, etc. since 2000 and still have zero cap gain twelve years later... So valuation matters even if it does not always rhyme. ;)
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