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

To: Spekulatius who wrote (58155)	10/10/2016 12:13:26 PM
From: Graham Osborn	Respond to of 78744

We are definitely opening a can of worms by trying to apply G&K ideas here. What I am searching for at least is some handy principles for defining a most for tech stocks, which Buffett doesn't provide. But I don't have any intention of walking any farther out on the valuation limb than I would for a Buffett stock. So it's more cherry picking than drinking the whole bottle of Kool Aid. Even the core principles might be a bit outdated - I'm not sure the value proposition of GOOGL or FB can be adequately described as a "proprietary open architecture" - this is trying to apply the dominance of MSFT/ ORCL too broadly IMO. Network effects (customer or value chain) is probably what they would have said if the book were published now. There's too much fuzziness in the method to forgo an adequate margin of safety.