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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (8478)	10/2/1999 2:54:00 AM
From: Michael Burry	Respond to of 78594

Well,if management boots the CEO,then we have insider buying, 50% share decline in a name brand, and management change. The triad bodes well usually. Mike

To: James Clarke who wrote (8478)	10/2/1999 11:35:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78594

Interview with Bob Olstein in today's Barron's. Get this: "I'm serious. We're value investors. Traditionally, we used to have low turnover and slowly built up returns. Now we're seeing 30% and 40% moves in some holdings in just a matter of weeks, which has increased our turnover and our returns. It's not realistic, and it's not sustainable." That's exactly what I've been experiencing, on a higher level. Loved to hear he's short Amazon. Likes Tidewater, which is getting interesting again. Mike