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: Honest Abe who wrote (3187)2/10/1998 11:44:00 AM
From: Paul Senior  Read Replies (1) of 78582
 
Honest Abe: In a market downturn, Buffett mutual funds will go down yes. Those funds are composed of individual stocks - they will go down too. Either way, stocks go down and you lose - unless - based on recent 20 years or so past - you hold on to fund or stock. My opinion is - from the nature of the question you first posed to the thread - YOU are not prepared (yet)to beat Buffett or mutual funds. (It's not about me and my personal situation vis-a-vis funds.) Not saying that you are not good or the next Buffett. And I perfectly well understand the attraction of the stock market.
Obviously, if one picks the few right stocks... that's all it takes. That's what Buffett says, no? But there's only one Buffett and only a few Yacktmans, etc. But Graham doesn't say this. This is a Graham thread -generally- and he espoused a well-diversified portfolio. Something that works for the "Intelligent Investor" (not implying you are not intelligent - or that I am -g-). Therefore, I challenge the statement that "diversity is to protect money, not make a lot of money".
What you bring to the party for me is this: a glimmer or idea that perhaps (just perhaps) everyone who is trying to follow Buffett is starting from the premise that what's needed is a proper screen to select stocks with certain attributes so that further investigation could be undertaken on such a subset. Based on MY experience with MY ONE Buffett stock (you can scroll up about 40 posts to see my story), this may not be the way to find the next Buffett stock. Maybe another approach is needed. What that approach might be, I do not know.
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