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

To: Paul Senior who wrote (61870)	4/9/2019 10:15:45 AM
From: E_K_S	1 Recommendation Recommended By Jurgis Bekepuris Read Replies (1) \| Respond to of 78774

Re: Bruwin's portfolio I believe the portfolio was started many years ago based on stock selections (using value criteria) from this board. I suggested GLW to be added to the group. GLW was one I have owned since 2001 after the big crash in 2000 from over $100/share. The reason for this pick (by me) was it's very long term history of reinventing itself, in several areas. in hindsight, one of the best buy & holds not mentioned as a value pick is/was MSFT. In the late 1990's I owned MSFT but not because it was a deep value stock. However, relative to it's peers it was a bargain. The big thing I see is that the new CEO created a lot of value (last several years) and this is one thing as a long term value investor I have not been able to quantify very good. GLW has always had good innovative CEO's. Over the 25 years on SI, I have updated what/how I evaluate value and still can be fooled by what appears to be a good value bet and turns out to be a value trap. Remember Al Dunlap and his turnaround talents but was a fraud. I had a small position in Sunbeam at the time he came in as CEO. That was a disaster. So maybe avoiding those land mines and making a lot of value bets is my takeaway for booking a steady return (over than just buying the index). FWIW my best all time Buy/Hold from this board was Lazure's penny stock pool, AMNF at $0.69/share. It hit another all time high this month, management is great, always paid a dividend and now a small cap as market cap now over $112 mln. Good Investing EKS

To: Paul Senior who wrote (61870)	4/9/2019 5:28:14 PM
From: bruwin	Respond to of 78774

"I don't understand why you feel you have to post the performance of your portfolios here." So is my posting the performance of my portfolio here against, or contrary, to any "rule" or "regulation" of this board or of 'Silicon Investor' as a whole ? Needless to say, you are free to understand, not understand, or to come to any conclusion(s) that you wish. "It kind of invites critical, if not disparaging, commentary." Rest assured, Paul Senior, I have no problem in anyone making constructive, and what I would construe as mature, comments about what I post. Feel free, anyone, to engage in discussion or debate with me. "..... can beat the market over time, you have showed that --- maybe. But maybe only theoretically." Personally I fail to see the logic in the use of the term "theoretically". The FACTS are there for anyone to see. One invests in the stock market TO MAKE MONEY. And those 5 stocks have done that. And, in fact. they have done better than the aggregate of the 500 stocks that contribute to the S&P500 ETF in the 6.5 years since September 2012. Your "Drawbacks", etc... (1) " ....we have difficulty in seeing where you actually say you bought the stocks in the portfolios you've constructed" We have ??? .... I wonder who the "We" are ?? I don't recall anyone asking me about when or about how many stocks I have bought in that portfolio since September 2012. If you've seen anyone ask me that in a post on this board then, by all means, direct me to that post because I must have missed it. I, at least, have been prepared to put the stocks of my portfolio in this public space and have shown its INDICATIVE FINANCIAL performance, IN DOLLAR AND PERCENTAGE TERMS, since 2012. I have owned those stocks since I began that portfolio, but two of them, CL and DIS, I have owned prior to September 2012. Personally I don't see the relevance in how many of each of those stocks I actually own. The FACT OF THE MATTER IS that EACH AND EVERY ONE OF THEM have shown an appreciable Capital Gain. So if I have 1000 of one and 500 of another, I've still made money. Isn't that a rather obvious conclusion ? I did some nominal searching through your posts as well and I also failed to see what your portfolio(s) actually is (are). Not surprising, I suppose, because you have intimated over the years that you diversify into a fairly large stock holding. I certainly couldn't find anything about the financial performance(s) of your stock portfolio(s). If you have posted them maybe you could direct me to the relevant post(s). (2) " Who here actually invests like this --- sets up a portfolio and just holds it ?" I don't know. How others invest is entirely up to them. When it comes to "Who .... sets up a portfolio and just holds it ?", I think that a possible GOOD EXAMPLE in that regard could very well be one of the TOP 10 RICHEST MEN IN THE WORLD, i.e. Warren Buffett. " ... you've made exactly one buy recommendation on this thread (Buy Disney)" Nope. I think that should be TWO buy recommendations ----> DIS at $112.80 which is now at ~$117, and UNP at $153 which is now at ~$166. (3) " We are talking about a what ---an $11,000 portfolio ?" I believe I've covered that one in (1) above. Good Luck with your own stock portfolio(s) Paul Senior.