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

To: Paul Senior who wrote (66692)	2/26/2021 10:35:05 AM
From: bruwin	Respond to of 78774

"How many times over the past years have people come on the thread to report that their best idea* was NOT their best performer ..... "* BUT this is not solely about just someone's "best idea" ..... what is important is ON WHAT that idea was BASED and HOW IT WAS DERIVED. Anyone can have a "best idea". Which is why I referred to .... "So it seems that he must know what he's doing in that "department". So if one had to follow his company analysis strategy then it's less likely that one may need to invest in the "100 stocks" aspect that Charlie Munger refers to" The man, WB, has made BILLIONS from his investments in the stock market choosing companies based on certain financial fundamental criteria. And it is on that basis that he and Munger advise putting more of one's investing capital in a far smaller number of stocks, than anywhere near 100, on the understanding that they choose companies based on proven and generally successful investing criteria. This shouldn't be about Buffett the man .... this should be about does what he do, with regard to investing in companies, make sense AND does it have a Track Record of Being SUCCESSFUL. I would say that when one is the 7th Richest man in the world, based purely on investing in companies, the answer is most likely "Yes" to both those observations .... so why reinvent the wheel. If the stock selection criteria is a Proven and Sound one with Results to generally back that up, then it shouldn't necessarily be a case of "surprises" as in... " ... the better the chance seem to be that one or more of them will turn out to be a surprise* very larger winner"* At the end of the day we are all in the "Market" to make money, so does it matter who it is who provides a generally successful investing strategy, as long as it works on a reasonably consistent basis. My guess is, if one took the time period over which Ben Graham invested in the stock market and could ascertain what his overall Capital Gain was, and then compared that to a similar investing time period of Warren Buffett's, I'd bet that Buffett would have done better, financially, than Graham.

To: Paul Senior who wrote (66692)	2/26/2021 1:20:45 PM
From: Steve Felix	Read Replies (1) \| Respond to of 78774

I'm with you on my best ideas rarely being my best returns. When I overlay Berkshire and the S&P, to me it is obvious that their best ideas haven't been working for a long time, and on top of that, they get deals none of us could get. I don't follow Berkshire, but even I know about these: How many OXY preferreds did I get at 8%? zero How much SNOW was I offered pre IPO at $80? zero Did the Snowflake CEO call me and ask me if I wanted more at $120? no

To: Paul Senior who wrote (66692)	2/26/2021 6:02:12 PM
From: Madharry	1 Recommendation Recommended By E_K_S Read Replies (1) \| Respond to of 78774

i think you need to evaluate return in terms of risk ,which i am not sure any of us really do in any organize measurable. way I bought into your thesis of ori and i sure have no regrets about purchasing some. my recollection was that you described it as a safe place to park funds as an alternative to short term cds as it was below book and returning 6%, If I am not mistaken I purchased it around $14 it paid over 6% because of the special dividend and it appreciated around 40% in less than a year. I consider that a really good idea. I have made more money on other stock plays but I also assumed way more risk. SOHOB has tripled in value . Celldex which I took a flyer on in the $2s on the basis of a couple of biotech posters with no personal means of assessing risks or future returns has hit $27. I have been selling as it climbed and retain a stub position. I have no idea what it should be worth and certainly would not say it was a better idea than ori going in because the risk seemed far greater. I also dont know that we can say what the better idea is after 6 or 12 months. I ve become impatient with many investments and sold them only to find that they would have been a 10 or 20 bagger ten years later. Both of my pot stocks out performed ori but they carried more risk. I am out of one of them completely and have taken a good chunk of profits out of the other clvr but I continue to own a lil stock and a bunch of warrants. I certainly expect it to be volatile without the predictable of stable cash flow and dividend like ori, which i continue to hold happily. I dont know how many stocks i own now . im guessing 40. but I think overall performance will largely be determined by core positions like mac nrz ladr stwd sftby baba cnne.and iep which even with its appreciation offers a distribution of around 12.5% (16% based on my purchase price). If silver ever moves up in price like i have expected for over a decade axu should move up dramatically. but i can hold my breath for only so long. I think BWEL may sit for a long while and then if water issues become a headline we could see it take off in dramatic fashion.