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

To: cfimx who wrote (14501)	5/18/2002 10:19:47 PM
From: Ryan Hess	Respond to of 78597

Moody's, Symantec, etc, whatever you want to name have large sustainable margins for a reason even if they are public. I am speaking of smaller private companies with low costs of entry. Sometimes, a small private company can have excellent margins in a real commodity business if the public is not aware of the nitch. At least that is my impression. Stocks don't yield 10% in a 2% divi environment This has been covered by Grommit in post #14496 I understand your reservations about financials and know the comments you are referring to from Buffett and Munger. But that is why you choose management teams you trust. I hold WM and ALD. And of course BRKB. Return on equity is too good for me to ignore the financials and not have them in at least a portion of my portfolio. Regards, Ryan Hess