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

To: Paul Senior who wrote (10229)	3/28/2000 6:18:00 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78702

Paul and everyone: I just want to thank the thread populace for making what is IMHO the best thread on SI. We have a very good support group here, we discuss our picks with civility, and there is very little BS. Thanks to all, Wallace

To: Paul Senior who wrote (10229)	3/28/2000 10:00:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78702

Adding to my position in gold (HM) today - with rising commodity prices and accelerating inflation expectations, I don't for the life of me know what an unhedged gold stock is doing at a 52 week low. Yeah, I know the price of gold is down at lows too, but I think of HM as an option on a move in the price of gold without a whole lot of downside risk. Also a stock that is likely to go up if the stock market really takes a hit. If it paid a bigger dividend it would be the perfect bear investment, but its close.

To: Paul Senior who wrote (10229)	3/28/2000 1:33:00 PM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 78702

Paul >a value investor who wouldn't buy a >stock at any price because it's not interesting -g-. I would not qualify myself as a value investor. I.e. I don't buy commodity businesses, not counting REITs. I just don't like commodities. ;-) (REITs are different - 12-20% yield in IRA is not bad). I don't do solid numerical DD to be convinced that a commodity business is a buy and a hold through fluctuations. I don't have a problem holding companies like MAT, even though Mike Burry ran away from it, and it did deteriorate a bit after my purchase, but I would be running out of EBSC by now. That's my character. So what do I buy? My 401(k) is in insane growth (IGRYX and company stock). My stock portfolio is Buffett'y (BRK, ECIL, FDC, LHO, MAT, SGP, TSG). My gambling is satisfied with one-two options positions. For the "value" part of my portfolio I hold TAVFX. Marty is good at buying cigar butts and even persuading managements to get them sold in used cigar stores. ;-) If I went with total "value" approach, I would buy TAVFX and Tweedy Browne, and forget about doing it myself. But I have fun investing - and not superior return. ;-) :-((( So probably I should post only in Buffetology thread which is closer to my liking. However, some of my stocks and potential buys are discussed here, so I post here too. Cheers Jurgis