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

To: Michael Burry who wrote (8880)	11/4/1999 1:17:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78625

The model Mike cites is what I was talking about in my last post, though I have adapted it. But I cannot emphasize enough, the integrity of those few inputs are the key, and they are not something you can do by simply plugging in numbers off financial statements without understanding the business behind those numbers and that takes work and judgement. In my view, these models are just as dangerous as the PEG ratio "analysis" which we discussed yesterday if you don't understand how few companies they apply to and which companies those are.

To: Michael Burry who wrote (8880)	11/4/1999 7:24:00 AM
From: Madharry	Respond to of 78625

It sounds to me like if you can figure out which moat will weather the sands time. Not much else matters a whole lot. Perhaps we should start by taking a poll and figuring out who will be earning above average rates of return on equity 10 years from now and go on from there. If we get that part of it right everything else falls into place. Having said that when I think of companies that should retain an edge 10 years from now what comes to my mind are companies like UPS and FEDEX. It is hard for me to imagine a new competitor to them coming up. ALso they should continue to grow as well. Wallmart wold be another. Any other candidates?