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

To: Wallace Rivers who wrote (55143)	4/9/2015 7:46:05 PM
From: Graham Osborn	Read Replies (3) \| Respond to of 78702

It's fascinating reading James Clarke's old posts from 1998. This thread is one of the few prospective documentaries of what a sharp market reversal feels like, for those who utilize it. Crowd thinking is largely binary - good times or bad, job or no job, top or bottom. How could we not have 15 years' reprieve after the greatest recession in living memory (unless you're as old as Paul)? Here's a chart of PE for the S&P for the last 100 years: meritasadvisors.com Statistically speaking, I don't think Graham and Buffett style value investing is dying. I think it's just getting warmed up. And when it is, those of us who managed to stick with boring industrials etc and didn't subscribe to buy and hold will be there to buy FB at 30, etc. These days I feel like every value runs away the moment I look at it. I'm not chasing. If my portfolio is 90% ADRs right now, I'm fine with that. If I've taken a good hard look at 30 businesses over the past 2 months and not bought a single one I'm fine with that too. Whoever said positive carry was a good thing? Blackrock just bought a huge block of properties off Paulson. Bring it, I say.