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


To: Paul Senior who wrote (4586)8/4/1998 2:06:00 AM
From: jeffbas  Read Replies (1) | Respond to of 78667
 
Your approach is fine if you have unlimited capital. I think the odds favor a big cap correction over a small cap advance. That will drag the value stocks down more. Therefore, unless you are underinvested now, which I am not, the odds favor being patient and doing nothing. I was an investor in 1973-74 and what first appeared to be a value price often got cut by more than half before it stopped going down.



To: Paul Senior who wrote (4586)8/4/1998 7:47:00 AM
From: LarryD  Read Replies (2) | Respond to of 78667
 
On Buffett and timing
I think timing is a big part of his method. I only skimmed a copy of "Buffettology" in a book store, but I remember the analogy to shopping in a hardware store. Many people can't resist buying something they see on sale, even though they didn't know they needed it when they walked in. Buffett knows what he wants when he goes in (companies worth owning for long periods), and only buys if it is on sale.