Dell Technologies Inc. Message Board

STOCKTALK

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.

Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Boplicity who wrote (54308)	7/27/1998 11:23:00 AM
From: jhg_in_kc	Read Replies (2) of 176387

greg, chuzz, and ALL: on days like this with fine news on Dell yet the stock is down, I tell myself keep remembering what Warren BUffet said about the market. THe market is Mr. Market. Mr. Market comes and knocks on your door every day with an offer to buy your company. But Mr. Market is a drunken manic depressive. When he is in a manic mood, he says "your stock is great.IT's terrific Its worth 120 a share. I'll take it." When he is depressed, he says "I don't know about Dell. It's maybe worth 80, if that. You'd have to twist my arm." Right now Mr. Market is depressed but he will in time become what Alan G. would describe as "irrationally exuberant." Buffet's advice: it makes no sense to look in the paper every day to see what your company is worth that day. If you have done your homework and know that you want to own the company for 20 years and have figured out its intrinsic value and therefore what a fair price is you simply take Mr. Market's valuations with a grain of salt. With one exception: when he is really, really depressed, that's the time to buy. Mr. Market can also be stupid. For example when the Washington Post was selling for $10, analysts said it was too risky to buy. No track record. When it sold at $80, they said to buy it. Thus a stock at 80 is worth buying but was not worth buying when it was selling for $10 a share. THe market is a stupid, drunken manic depressive. Bear that in mind. This insight has kept me from selling Dell (at its lows last year when the NASDAQ tanked.) Although I have alas gotten too exuberant and bought some too high. jhg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next