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

To: Spekulatius who wrote (42809)	5/25/2011 9:28:58 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78526

AGII - I am sorry, but I don't trust management calculations of book value/share growth that rely on tons of adjustments due to acquisitions and so on. They can fudge numbers any way they want. I am sure GuruFocus is probably wrong due to AGII merger/etc, but here's their version of the story, which looks completely different: gurufocus.com So unless you or someone else digs through 2000-2009 annuals and does their own DD, everything up to 2007 is IMHO suspect. And, no, I don't trust the management. The only management I trust is Buffett and even then if I sold him a lemonade, I'd count all the pennies. ;)