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Strategies & Market Trends : Buffettology

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To: Chuzzlewit who wrote (765)12/24/1998 2:16:00 PM
From: Michael Burry  Read Replies (1) of 4691
 
CW,

It's pretty simple. You say

"Typical value investors focus on balance sheet items and historic earnings."

Yes. Warren Buffett is known to favor predictable earnings, based on
history, and he has been known to point to 10 years as a good
start, but a longer history is preferred, and prefers that the company is
mature with an unpopular stock, not a widely known growth stock in just
the first of several stages of maturation. By projecting into the
future, in any way, based on a short history and CEO statements, you're
rejecting Buffett
And rejecting Buffett isn't really what this
thread is about.

Mike

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