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

To: Michael Burry who wrote (2447)	11/15/1997 5:16:00 AM
From: John Langston	Respond to of 78627

Mike: I've had the same concerns about Buffet's approach in that I will never control a company through stock ownership, and if I did, my advice would never translate to shareholder value the way his ingenius advice does. So, can the average investor actually mimic his approach effectively? I think BUFFETOLOGY adequately answers that question in the affirmative. As for Buffet never experiencing a bad year, Mary Buffet attributes his shorter-term arbitrage plays as a primary factor. And, herein lies much of the confusion about many of his stock picks. John

To: Michael Burry who wrote (2447)	11/15/1997 12:46:00 PM
From: csm	Read Replies (3) \| Respond to of 78627

Mike, I'm a big Buffett fan but I recently looked at a 10 year graph of Berkshire Hathaway on MarketPlayer I saw that Buffet has indeed averaged 28% p.a. return but that includes some significant down years, as much as 25% or so. BTW I posted what I thought was the most promising of a Buffett screen of stocks (done on MarketPlayer) on this thread a few weeks ago. The company is NCI Building Systems (BLDG). It looks like a totally typical Buffett purchase but it drew no response whatsoever. Perhaps it'll be more popular when he buys it . Good investing. Stuart.