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

To: Investor2 who wrote (3802)	4/11/1998 12:01:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 78516

Investor2, the assets weren't phony --- the depreciation charges were. That's why you need real knowledge of the industry. What is the appropriate time frame to fully depreciate a semi-submbersible oil rig? How about hubs and routers for networks? I simply bring these things up because when you do "value" investing you rely to a great extent on the honesty and judgement of management. Unfortunately, industry analysts are not real analysts -- they are touts and salesmen. And CPA's are hired by the companies they audit and they want to be rehired. Regards, Paul