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


To: Jurgis Bekepuris who wrote (51809)6/29/2013 11:13:07 PM
From: paulelgin  Read Replies (2) | Respond to of 78774
 
Good luck to you, as well, Jurgis.

Just because you believe there are no standards of absolute value does not mean that these standards do not exist, nor does your belief make these standards any less effective in their evaluation of potential investments and margin of safety. Above all else, we as value investors must be cognizant of the downside risks before we commit capital. Following rigorous standards such as those posited by Klarman and Graham & Dodd provide us with a margin of safety in the event the worst-case plays out. I sleep well at night.