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

To: Paul Senior who wrote (11880)	1/17/2001 4:25:12 PM
From: TimbaBear	Read Replies (2) \| Respond to of 78626

Paul... I have the fourth revised edition of Intelligent Investor, and on page 205, which is in the chapter: Stock Selection for the Enterprising Investor, under the section labeled: Net-Current Asset( or "Bargain") Issues, it says:"The idea here was to acquire as many issues as possible at a cost for each of less than their book value in terms of net-current-assets alone--i.e., giving no value to the plant account and other assets. Our purchases were made typically at two-thirds or less of such stripped-down asset value. In most years we carried a wide diversification here---at least 100 issues." Timba