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

To: Spekulatius who wrote (52762)	11/10/2013 10:11:19 PM
From: MNTNH	Respond to of 78627

To: Spekulatius who wrote (52762)	11/10/2013 10:11:20 PM
From: MNTNH	Read Replies (1) \| Respond to of 78627

Hi Jurgis, Any reasons why you went for these names? And CFX looks pricey, whats the catch? If you like Outsider companies, maybe consider GD and/or the Liberty Group of companies? I havent been looking at them though so my views may be outdated. TDY has sold off many of its units hasnt it? Is it still the old high performing unit that Henry made it out to be?

To: Spekulatius who wrote (52762)	11/10/2013 11:26:46 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78627

>>New positions: COST, BAMXY, CFX, TDY<< Going for quality, valuation be damned? Did you read the "The Outsider" book? No, I have not read the book. I read Brooklyn Investor's blog. :) And I partially agree with his argument that buying quality companies at high prices might be better than holding cash or buying "cheap" but crappy leftovers after bull market runup. BTW, even Graham has made the same argument... but somehow most people remember him as pure cigar-butt valuationist. Even Buffett never mentions that Graham had Munger ideas before Munger :)) Note that these are initial small positions and that I still hold quite a bit of cash and fixed income. So don't start telling me that this is bad investment. :) And I can change my mind at any time. :) It might be the sign of the top though. :P Also BTW, BAMXY is not that expensive. So we are talking only about COST, CFX, TDY. And couple more "valuation be damned" companies that I have held for some time: AMNF, CMI, JNJ, ASBRF, SBMRY.