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

To: Spekulatius who wrote (51590)	5/21/2013 10:20:55 AM
From: Grommit	Read Replies (3) \| Respond to of 78687

Nice link. Thanks. They say that they are portfolio manager for TILDX. I see that FAF is a top holding in TILDX. They mentioned FAF/FNF in the link. Maybe worth looking at. Not impressive here: finance.yahoo.com^GSPC Anyone see any good value bets in the top 10 of this value fund? finance.yahoo.com

To: Spekulatius who wrote (51590)	5/21/2013 11:50:03 AM
From: Jurgis Bekepuris	Respond to of 78687

Yeah, great presentation. Some comments: - Shiny new toy - yes, definitely happens to me. However, I usually buy small position and then add later. This negates the issue a bit. - Beer goggles - happening right now. Muuuussssssttttt ressssissssstttttt - Attack of the analysts - you really have to have strong conviction for this one. Clearly there were huge attacks on DELL, HPQ, MSFT, AAPL, NOK, WU recently. I sold DELL near bottom, I held onto MSFT for which I had higher conviction. Sold some WU. Held onto NOK so far (purchase prices at $5, <$2, $3.X) - Trailing twelve month mirage - PMGLF qualifies. Same with MAUXF I think. There is a risk of that with CF/YARIY. Also with CMI, JOY, CAT. Not so much mirage left with AAUKY, RIO, BHP, but some of them are trading at mirage prices still. - DCF model issues - I use DCF nowadays, but I am so super-conservative, that there are no issues there. The only issue is that everything is overpriced when you use super-conservative DCF. :)))) - Missing link - I don't do sum-of-the-parts investments, so I can't comment on this. I guess this applies to Graham net-nets that are losing money or may lose money in the future. E.g. GRVY. That's why I usually don't buy Graham net-nets that are losing money. :) Great talk to review periodically though.