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Strategies & Market Trends : Value Investing

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To: kahunabear who wrote (4836)9/6/1998 5:37:00 PM
From: Paul Senior  Read Replies (3) of 78596
 
WS: thanks for mentioning your net-net. Dr. Graham has said to invest a number of them. But IMO, it is SO difficult. Hard anyway for me to get up the energy to start buying them when they show up; hard to maintain a position in them for the time required to see a profit.
Not only that, Dr. Graham doesn't ever (that I recall) write that these are greatly profitable (only that they have a great margin of safety and an adequate (my word) return).
On this thread, apparently some of the guys have gone to a censoring approach wherein the net-net must now be 'decent' before an investing commitment is made. In any case, I'll add your co. to my watch list.

There was one other net-net somebody posted here recently (a Y2K Co, I think) but I can't find it in checking back twice over the last 75 posts. Anybody have the post number for it? I'll start a net-net log; then we can see how these stocks are actually fairing over time.

Paul Senior
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