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

To: Ron Bower who wrote (3423)	3/3/1998 7:39:00 PM
From: Honest Abe	Read Replies (1) \| Respond to of 79205

Ron, You said, "I can't make an intelligent response because I am somewhat in awe of these statements. What is your purpose in investing in the market? To own a piece of TXN?" You say this as if I'm an idiot if my purpose in investing in the market is to own a piece of TXN. Yet, that IS my purpose in investing in the market. I don't consider it investing in the 'market'. I consider it owning a piece of TXN, which is literally exactly what I am doing, and you are doing, and everyone is doing when they are buying stocks. They are buying the companies. Period. Losing sight of that fact is totally ignorant and perhaps dangerous. I fully respect market timers, and I am obviously in the minority here as a buy-and-holder. But if you consider yourself a value investor you are flying with one eye blind if you don't at a minimum read about Buffett's style. After that, your call. Buffett's primary mentality is that you are buying a piece of the company, and should treat it as such. Michael Burry contrasted the two value approaches perfectly - they are different, yet they are also both value.