Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Difco who wrote (56967)	2/24/2016 12:43:20 AM
From: bruwin	Read Replies (1) \| Respond to of 78954

Thanks for that Difco. A typical Buffett type response within an interview. As it happens, I remember that particular interview. I think I may still have a recording of it somewhere. Interesting comment he made as in ---> " ... there is no repetitive money to be made on it. There is a one-time profit in something like that. And it is just not the thing to be doing." That sounds like the Book Value/Share approach where one looks at the Balance Sheet and concludes that here is a "bargain" because the company is worth more dead than alive. In other words, as Buffett said, "there is a one time profit in something like that", which, I presume, is when it's liquidated. And, as he said, there's "no repetitive money to be made on it". To get repetitive money I'd say one needs to interrogate its business performance, based on the criteria that he uses, that indicates ongoing and preferably increasing profits.

To: Difco who wrote (56967)	2/24/2016 2:12:15 AM
From: MNTNH	3 Recommendations Recommended By bruwin Difco Spekulatius Respond to of 78954

Im not like a hardcore WEB fan but I think along the same lines, he had a much shorter and (I feel) more apt quote which is: " Time is the friend of the wonderful company, the enemy of the mediocre one". and a lengthier but funnier version (On BRK): Buying the stock at that price was like picking up a discarded cigar butt that had one puff remaining in it. Though the stub might be ugly and soggy, the puff would be free. Once that momentary pleasure was enjoyed, however, no more could be expected. I think he forgot to mention, also the extra huge effort to flip trashcans to find them, and smoking butts only to realize its too wet to be smoked or had nothing left... lol