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

To: Jurgis Bekepuris who wrote (51100)	3/13/2013 12:07:03 PM
From: Paul Senior	Read Replies (1) \| Respond to of 79230

BIDU: I'll bet that you will experience a similar missed opportunity with BIDU as you may have with GOOG if you are using the same decision-making process to pass on BIDU as you did when you decided to not buy GOOG. Because, as I say, I view BIDU as relatively in the same business as GOOG was a couple years ago, and can be valued in the same way. And in my view of looking at it from a net profit margin metric, BIDU is a buy. Well, jmo, and I'm not that comfortable or assured with it. So as with GOOG, just a very few shares of BIDU for me. Which I'm adding to a little more today as the stock falls.

To: Jurgis Bekepuris who wrote (51100)	3/15/2013 7:05:32 PM
From: Cautious_Optimist	Respond to of 79230

Being able to self-evaluate and learn turns mistakes into future profits, or in a bear market reduces losses. Denial and being brain locked is our enemy. NOBODY who plays by the rules can avoid mistakes. There are 'thought leaders" and salespersons out there to create mental frames that allow them to capture our private wealth as their own harvest. Forums like this, with a long record, act as a disinfectant. I realize I would be poorer if I invested the same way I did 20 years ago, even though the two big bubbles (dotcom and real estate) were inflating the numbers on my monthly statements. I can still improve, therefore I am.

To: Jurgis Bekepuris who wrote (51100)	3/25/2013 9:40:55 PM
From: Spekulatius	Read Replies (1) \| Respond to of 79230

My biggest regret is wasting to much time, capital and effort investing in mediocre companies, while not allocating enough resources (capital and effort) in the truly outstanding opportunities I see. For example, I bought Nestle in 2004 at a PE of around 14, which I recognized as an outstanding company. It was not extremely cheap and while I bought a decent position, it wasn't large enough relative to my conviction. FWIW, I still hold these shares now and added more in 2009. And I keep repeating this mistake. At least recently, I started to get into more concentrated positions, where I see an outstanding risk reward, like with KSB3.DE and some others. Message 19110144