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

To: jeffbas who wrote (10898)	7/9/2000 8:59:48 PM
From: Craig Bartels	Read Replies (5) \| Respond to of 78468

>>I am a polite guy, so I won't comment on your statement about investment experience, except to say that I believe that you do not have enough experience unless you have lost virtually all your money at some point>> I know this is getting way off topic. I would rather learn from other peoples mistakes, then make the same ones. So no, I don't believe you need to have lost all your money to have experience. I might as well go make sure I "loose" all my money so I can have that experience, sure. I've seen many overpriced stocks go 2x from where I started a short, even 3x, allocate properly, average up from there. If you are not prepared for a stock to 2x or 3x on you when you are shorting, you are over-allocated in the short. When I short I am always prepared that this could potentially 2x or 3x, and start my position based on that. >> For example, I recommended SEMI on this thread more than once in 1999 as a traditional value play at $3. It is now $22. Why should I bother to try to find some company that may go from $22 to 3.>> I'm not saying I only short, I would say I am 75% long, 25% short, just depends. I agree that shorting isn't part of a value investing strategy, so this is completely off topic. But done right, money can be made shorting, even "non professionals". chbartel