Reiterating, this is a thread about identifying value stocks, finding individual value stocks, discussing the pros/cons of a particular stock.
There's no argument that macro events dictate value. The discussion of macro events though -- the dismay or hand-wringing about them, what society should or should not do about them, that imo is an off-topic item.
"In times like this we should remember the saying that the market can stay irrational a lot longer than people can stay solvent." To me, something like this IS an on-topic item. That is, a discussion about how long or why a person should stick with a beaten down stock (e.g. like a net-net) is relevant to holding value stocks. As might be a discussion of the validity of Keynes' statement itself about irrationality and solvency. For example, I believe Mr. Buffett and some others, maybe Peter Lynch, have said market participants should expect stocks to fluctuate, and as long as you are not on margin and have bought stocks of good businesses at good prices, you should come out okay at the end...eventually (-g-) |
