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

To: cfimx who wrote (9180)	12/7/1999 12:24:00 PM
From: Madharry	Respond to of 78625

Interesting response for a person who lists walking as his/her interest on the profile and professes to be short Sun Microsystems. Now if I were playing McEnroe my goals would be to return one serve per game and to win one game on my serve. I would consider that a great success. My take on this is to each his own- Bash is not running a mutual fund he is running his own show- highly concentrated portfolio and can move in and out at will- perhaps does not have to worry about taxes either. Everyone here has a different strategy that hopefully works for him/her. I try to buy what is going up and sell what is going down. Sometimes even that works.

To: cfimx who wrote (9180)	12/7/1999 1:24:00 PM
From: jeffbas	Respond to of 78625

twister, I respectfully disagree with your interpretation of my remarks. Let me clarify my post. I did not say that my expectation was to achieve 100% returns from my portfolio over 2 years. I said that I would not buy an individual stock that I did not think I could make 100% on in 2 years because of the errors I described that tend to reduce returns. I do not expect to make 100% over 2 years for my total portfolio, nor do I make it. Having that standard for adding an individual stock excludes a LOT of stocks, but does not necessarily leave me with having to buy pieces of junk. Two examples ON WHICH I HAVE NOT DONE MUCH DUE DILIGENCE are HRC and EBSC, which have been mentioned here. I can tell you right now that 100% over two years on those stocks is POSSIBLE. However, my job as an investor is to determine how PROBABLE that is. If I do not think the odds are good I won't buy. I might add that this strategy gives me at least a couple of ideas a month, many of which are not as good as what I own, so I may do nothing, as I also do not believe that you can properly follow a large portfolio of stocks -- which for me means a lot of work, including talking to management by email or otherwise, etc. (My turnover is low, probably too low.)