AR, responding to your points seriatim:
1. Fine. Hope you don't mind associating with those of other religions.<g> I don't try to tell anyone else what to do, do I?
2. Agreed.
3. What I have said is that the value principles, as elucidated in Graham's "Financial Analysis", are a good start, but only a start. I note the "new pair of dimes" joke, it is intended to indicate that you feel disdain for the concept. I would say that it is very difficult to invest in tech companies, you have to understand technology, and macroeconomics of the industry, and of the economy as a whole. Price/book, price/sales, price/EBIDTA, ROE, ROI, are not ipso facto wrong-headed ways to value stocks, either.
4. I think I do understand value investing well enough. I spent two months this summer watching my value stocks lose half their value.
5. I don't question Burke's techniques, to the extent that I understand them, but even Burke has a pizzazz portfolio.<g>
P.S., as I have told you in a PM, I only have a small percentage of my liquid net worth invested in stocks, less than 20%, the rest in money market.
P.P.S., this one is going to make you pop a fuse, I am seriously considering investing equal amounts in every satellite company, and letting the bets ride. Which is the reason I am interested in options.
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