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

To: Tapcon who wrote (30483)	3/30/2008 11:31:41 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78603

I'm not a fan of Tilson. Too much an entrepreneur - I'll write, I'll start a hedge fund, I'll start a dividend fund, I'll start an "Investing Congress", I'll go on TV and get interviewed about "value", I'll write articles for Motley Fool; I'll write a column for Financial Times. I'll even start my own monthly subsciption newsletter about value. And... I'll put 20% of your money invested with me into Berkshire. (aside: That's the best he can do?) ...And I'll charge you a pretty penny for doing it. quicktake.morningstar.com ------------------------- Of course, that doesn't mean he's not right about the mortgage and credit market (or about Berkshire or his funds' other picks). I just pass on this guy though. He seems too very conventional mainstream value, too surface. Not really any good ideas I spot from his shop. Jmo, I could be very very wrong. And I have been recently with my own picks.

To: Tapcon who wrote (30483)	3/31/2008 11:27:01 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78603

It does look like a negative in-depth presentation. On the other hand Tilson apparently was negative already after Pershing (I think) had a very negative presentation on monolines in the fall 2007 value congress. I wonder how much of his research is just being made to support conviction vs. try to see the other side of the coin. I wonder if he reads Marty Whitman who is on the other side of the trade. I wonder what he thinks about Buffett buying more WFC and USB - doesn't that mean that his investment in BRKA is on the other side of his bank shorting? Personally, I would not touch monolines, since they are too dicey and a single random event may turn tide either way. On the other hand, I think that banks are good value now although I would follow Buffett just because he has done a lot of DD and knows the people in business. Of course, buying something like C, which has fallen a lot more than WFC or USB, may be higher risk and higher return, but this is where I cannot say whether it's worth it.