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

To: Madharry who wrote (29085)	11/27/2007 9:23:10 AM
From: Grommit	Read Replies (2) \| Respond to of 78740

The lesson is to have the courage of your convictions. He ended 2006 with the first negative return in his fund's history -- an 18% loss -- during a year when the broad market was up 15%. Yet he stubbornly stuck to his belief that the swaps would work out. ........ I am not in the same league with my bets because they are smaller and not so off-the-wall. But they are my money, and I do have a bit of skin in the game. Over the past weeks I have bought more and more of the punished REITS and ACAS (more yesterday). So I am hanging tough and will not sell out early.

To: Madharry who wrote (29085)	11/27/2007 9:37:44 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78740

And now he's a super-bear: Quote: "I think we're headed into a deep recession, the worst since the Depression, as dozens of banks will fail," Burry says. "With massive foreclosures, there are homes that won't see the prices of two years ago for decades." Puhlllllllllleaasee! Read my lips: not going to happen. But if you believe him, sell everything in sight, buy gold, get a bunker and dig in there. Cause with his projected dozen bank failures the market will not be pretty. ;)