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


To: Paul Senior who wrote (18505)1/21/2004 10:22:06 PM
From: Mark Marcellus  Read Replies (3) | Respond to of 78958
 
Perhaps Mr. Buffett was talking about the process of investing.

No, he really meant to say that there isn't any difference. One of many examples:

"Market commentators and investment managers who glibly refer to "growth" and "value" styles as contrasting approaches to investment are displaying their ignorance, not their sophistication. Growth is simply a component usually a plus, sometimes a minus in the value equation."

berkshirehathaway.com

FWIW, I think that pretty much echoes what Graham said about it, though I don't have a quote handy.



To: Paul Senior who wrote (18505)1/21/2004 11:01:07 PM
From: Madharry  Respond to of 78958
 
I happen to come accross in the library collected letters from warren buffet to his shareholders-makes for some very interesting reading. I wish some of the ceos and bods of companies i am investing would read those letter and share some of his philosophy regarding- benefiting as the company benefits through ownership of shares- as opposed to options, share grants, repricing of options, purchases of discounted shares retroactive to the lowest price of the previous loans, employee stock loans which end up being forgiven, etc.
One of my bosses in the '80s had shares in B-hathaway. wish i could have afforded them then.



To: Paul Senior who wrote (18505)1/22/2004 5:41:51 AM
From: Dave  Read Replies (1) | Respond to of 78958
 
Paul:

I was kidding....