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


To: Spekulatius who wrote (33644)2/24/2009 12:14:33 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78753
 
However if we need to base our valuation on low multiples of tangible book, we are talking S&P @ 300.

For Graham, "low multiples" started from 1.5 x tangible book. Is that S&P @ 300? I don't know. And as I said before, I don't make predictions. I just buy what's cheap for me.

Marty Whitman has bought some of these Japanese companies with considerations similar to yours. He may not have made money on them, but perhaps he lost less than US stock market. I am not looking at Japan so I don't have opinion about their companies that don't trade in US.