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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (3532)3/19/1998 2:04:00 PM
From: jeffbas  Read Replies (1) of 78519
 
Mike - What if you think you originally bought it at 50% of intrinsic value? Your rule would say to sell half at 75% of intrinsic value.
Would that make sense? Most of the time you would be delighted to buy at 75% of intrinsic value, which hopefully is steadily increasing.
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