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


To: Paul Senior who wrote (10896)7/9/2000 3:55:54 AM
From: Craig Bartels  Read Replies (1) | Respond to of 78473
 
Paul, the only reason shorting was brought up was someone mentioned shorting a stock, I forget even what it was now, and then the dialog continued from there. I am not arguing that shorting is not part of the "value" strategy, I have indeed read Graham and Train's books.

I agree that short selling is not for most people, it takes balls of steel sometimes. And maybe I have been lucky, but I doubt that is the case. I didn't succeed in long investments over the past 7 years because of luck. It was hard work and DD. I don't spend several hours after work each night investigating Short Sell candidates for fun. It's paid off for me in the past year more so then my long positions. If it continues to pay off, I will continue to use the technique. I won't mention % returns, but longs have done nicely, shorts are even better. When and if it doesn't continue to pay off, then I will stop shorting.

I agree, I would never, ever even attempt short selling if I had just started investing, that would be insane. Most people can't make money in the market going long, let alone going short.

you write:
>>This is what happens when you combine someone who doesn't have much investment experience with a technique (shorting) where you can read tons of articles on how to do it and also get psychological support with the observation that there are plenty of people out there who short every day>>

I have been investing since I was 17 years old, which was approx. 8 years ago. I honestly don't think I fit in the category of "someone that doesn't have much investment experience". The value line investment survey and Peter Lynch was my favorite thing to read when I was 16, I was strange:)