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

To: Paul Senior who wrote (27865)8/22/2007 9:27:51 PM
From: ghmm  Respond to of 78760
 
I can't answer about whether Graham kept small positions but my understanding and if memory serves the "cigar butts" was a reference to the type of stocks that no one wanted and would through away (hence cigar butts) but still had something of value left. In a Buffet book contrasting the similarities and differences between the two of them this reference also indicated limited upside.

Hope this helps.


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