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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (43886)8/11/2011 9:25:39 PM
From: Mr.Gogo  Read Replies (2) of 78481
 
Paul,
From what I have read so far, even value investors get out of the market if they consider it overvalued. Buffet in his early years for example. I still cannot understand how they were considering the market overvalued. Buffet could not find companies that he would invest in and he dissolved his partnership. Benjamin Graham had a formula. Mr. Womack was looking at the panic as a sign to buy and the exuberance as a sign to sell. Some american president (forgot his name) got out of the market before the crush in 1923 when the boy who was polishing his shoes gave him a stock tip. Jurgis once said that his wife wanted to invest and for him this was a sign... I personally got out when i read about mr. Womack and the letters of Jeremy Grantham to his shareholders.
Just my observation...

Georgi
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