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

To: MCsweet who wrote (33826)	3/17/2009 9:08:08 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78958

So did you actually calculate the risks and returns using "real option theory" or you just threw the ball back to make me do the work for you? Did you even read Buffett's explanation of the investment? You accuse me of "implication", but you make no effort whatsoever to give any foundation to your claim. Until you show under which model you operate calling this "speculative", I cannot help you to change your opinion. And by the way in your previous post you called this "as speculative as you get". Are you backpedalling now to a merely "speculative according to Graham"? Sure you cannot find anywhere in Graham an endorsement of such position, since it did not exist in his time. It actually does not exist even now for any of us mere mortals, since Buffett got a position very different from "real options". So the only way to figure out if it is speculative is to calculate risks and rewards under different scenarios. Go ahead, I asked you to do this once, maybe now you will decide to do it. ;)