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

To: MCsweet who wrote (20566)	2/2/2005 5:49:10 PM
From: Wallace Rivers	Respond to of 78670

This is a very useful, high quality thread with generally hype free and thoughtful posters. I don't post too often, I'd guess it's about flip a coin on which picks are right or wrong. For this reason, I hope my recos have been largely ignored ;>) I have been in this business off and on now for almost half my life, I do believe it is necessary to not get too high or too low. Anyone who has even dabbled in this business who claims to have not gotten crushed is, more likely than not, not being totally up front. At the peak of the tech bubble I was called a "luddite" for missing that train to a great degree. The person who coined that phrase about me took a 50% plus haircut (I'm guessing) when the bubble burst shortly thereafter.

To: MCsweet who wrote (20566)	2/2/2005 6:00:54 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78670

Some general comments: We all have different value investing styles and goals. Either as a result of this - or a precursor to this, we all mostly see and interpret things differently. Even financial reports. Therefore, imo, it's to be expected that we are each often contra-indicators for each other. I assume everybody on this thread has posted at least one stock that either got no response at the time or was dismissed or disparaged - and said stock subsequently did very well, exceptionally well. Sometimes the poster of said stock who comes back "just to update" seems to me to get more gains from a psychological victory (haha I was right and you ALL were wrong) than from what the capital gains actually brings. Perhaps it's just the way people express themselves. To me though, there's a difference between confirming a previous value pick (for the reason(s) originally postulated, by a buyout, or maybe - to a lesser extent- "just because" the stock moved up in a bull market) vs. stating the success in a way that is not really helpful or educational to thread readers. -------- My specific comment directed to you MCsweet is congrats again on your pick and your patience with Ticonderoga! Thanks for mentioning several other stocks you've looked at or like - I and others have benefited from this.