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

To: 249443 who wrote (14183)	3/28/2002 9:28:57 PM
From: Don Earl	Respond to of 78744

My personal opinion is the type of accounting abuse which allowed Enron to take place is a serious matter. The problem is so wide spread it is almost impossible to find companies with clean balance sheets or numbers that give any kind of clue to a company's actual financial condition. PE and book value have become virtually meaningless as anything other than hype. Countless thousands of investors watch their investments go to zero in bankruptcies for the simple reason they made the mistake of trusting the way assets were treated under currently allowed GAAP practices. Under the circumstances, for someone like Warren Buffet to be trusted with the honor and responsibility of serving in the capacity of an advisor, and to listen to the half witted garbage he spewed in the roundtable discussions, disgusts me. His comments turned what should have been a serious discussion on grave issues into a field day for fools.

To: 249443 who wrote (14183)	3/30/2002 3:07:47 PM
From: MCsweet	Read Replies (2) \| Respond to of 78744

I hate to be controversial, but why are so many people on this board fixated with Warren Buffet? I think we all agree that Warren Buffet has had a tremendous historical track record, but I would hope that each of us would try to find our own investment style and not mimic or be concerned with someone else's strategy. I believe that each investor should seek to fine tune an investment style that will work for him or her. This could be a growth strategy, value strategy, or some other strategy. These could be influenced by great investors, but after a while I think we should be able to "cut the cord" and be comfortable with our own analysis. And what if none of our own investment strategies seem to work, or we don't have time to do a thorough analysis? Well, index funds are not such a bad thing ... MC