Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Freedom Fighter who wrote (10140)	3/7/2000 4:06:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78627

Like Wayne and Jim, I've felt tinges of the insanity this market's dissociative characteristics can bring to bear on the typical value investor. Absolutely outrageous comparisons. Infuriating. And unlike Wayne and Jim, I've been plain stupid with some of my trading. The insanity has driven me from mumblings to my wife in the car and in bed to actual point-and-click trades that I would never have done had I had a brain. But then, PG is now only becoming fairly priced. Same really goes for PEP. I mean, if we are expecting 1970's Washington Post-type or 1986 Coke-type Buffett bargains, these things need to be halved again. The S&P Index buying drove many of these "buy what you know" stocks way too high, and it will the S&P Index selling that will drive them way too low. I think some patience is still in order. I'm not buying them yet. Same goes for the drugs - another big S&P 500 component that is only now getting fairly priced after 50% haircuts. Hey, if we get thousands of swings and thousands of "take-backs" then so-called "start-up positions" in some of these might be warranted. But these aren't the home run balls. These are not chest-high 80 mph fastballs. Mike