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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (43858)	8/11/2011 10:09:04 AM
From: Difco	Read Replies (1) of 78483

This has been an excellent discussion - a lot of viewpoints and I don't think anybody is necessarily wrong, it's more of a preference and comfort level... We're all allocating capital under different approaches to achieve maximum absolute level of return, so however you do it as long as it works you've done well. My personal view is best summarized by the following experience: I had owned Amex (NYSE:AXP) at an average cost of about $30 back in early 2009 and in February of 2009 I really liked BNSF (former NYSE:BNI), so I sold out of AXP in the teens to buy BNI. BNI did well due to the later acquisition by BRK, but I missed a lot on my AXP investment. Personally, I find it hard to make such decisions of picking my "favorite" stock in a declining environment and rather have the option not to choose, but simply buy. The decline in AXP had manifested itself in a reduction of purchasing power, which also limited my upside on BNI.

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