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

To: Freedom Fighter who wrote (11036)	8/1/2000 3:15:39 PM
From: Michael Burry	1 Recommendation Read Replies (1) \| Respond to of 78519

I think you'd have to balance the tendency to want to buy without driving to the store with the tendency to wander into the nearest bookstore and buy on impulse when out shopping. My impression of the book business is that it is still primarily an impulse buy business. Sometimes I have the discipline to say, ok, just wait and get home and buy it from Amazon. Other times I don't. Just as you, I believe there are lots of others just like me. The question on Amazon is it really worth more than the Washington Post and any number of other companies with market caps under 10 billion. I can't predict Amazon's future to a T, but I can see that there are other, cheaper and safer stocks out there. Mike