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

To: James Clarke who wrote (3883)	4/19/1998 6:47:00 PM
From: Michael Burry	Respond to of 78817

James, Except for a few choice US stocks, I am considering getting out of most us stocks and moving to foreign stocks. That won't win me any buy and hold awards, but that is not my aim. I have spent the last few days looking overseas and I am convinced that several of the bear markets abroad are presenting some excellent opportunities. I already have Telebras, Deswell, APF. But I'm thinking of a more wholesale switch to go where the value is. As you suggest, it is unrealistic to believe that US value stocks won't get hit just as hard as the rest of the market in a true bear. My short strategy is less appealing than simply moving overseas and continuing to play the long side. The extraordinary strength of the dollar can only help overseas investment, as it will eventually tumble. I know a few like your relative. Two or three stocks and they've tripled their money without even thinking about it. Like I said, it's too easy for me to be comfortable. Hey, I'm walking scared. But I'm building it to a jog. Maybe in a few weeks I can get to a run. Good Investing, Mike