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

To: bruwin who wrote (2926)	4/19/2013 2:17:48 PM
From: E_K_S	Read Replies (1) \| Respond to of 4719

Hi Bruwin - I have not checked but I believe if one looks at the proposed stocks that used the Graham No. analysis have (on average) out performed the consensus picks. I guess B. Graham had something to his way of picking under valued stocks. I think VZ & ADM werr ones that made my value screen w/ the GN number but not sure. EKS

To: bruwin who wrote (2926)	4/19/2013 10:55:50 PM
From: Shane M	1 Recommendation Read Replies (1) \| Respond to of 4719

I've looked back at AAPL also to see where I went wrong on the pick. I think part of the issue for me was I had difficulty understanding it on the way up. All of the new gadgets didn't appeal to me a whole lot, and the closed business model doesn't appeal to me - but what did appeal to me was the power of the brand - and the legions of fans who had to have the next AAPL product. The movement of the stock price was vexing to me - seemingly moving in various directions for reasons I couldn't understand. While I thought the valuation was very attractive, the price movements were just all over the place - incomprehensible. Even now I wonder if sentiment drives the stock more than the company underneath. That said, I think the "sheen" of AAPL started coming off when the Galaxy phone ads started making fun of people having to stand in lines for phones ("you'd think they'd have an express line") or portraying the phones as uncool ("I love my S3, I'm saving a spot in line for my parents who want an iphone") or questioning the coolness of the product ("my S3 already has a bigger screen" or "wow - awesome - they put a new jack on the iphone that costs how much?"). At some point it seems the AAPL brand was tarnished in that regard making Apple fans feel taken advantage of. Much of the pricing power Apple has is due to coolness, and that is now much more in question imho. Something can get so popular that it becomes cool not to like it. But in the end I realize I'm going to be wrong on some, and at the time I could see reasons for continued Apple dominance. Now I'm seeing other players responding strongly. One question I'm left with is why did I prefer AAPL over GOOG at the time?