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

To: Paul Senior who wrote (4791)	8/23/1998 2:41:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78998

Nobody on this thread or the Buffett thread is claiming they are actually able to beat the market. I'm new at this (5 1/2 years), and I started to have trouble really since late 96 (only coincidentally <g> just before I started this thread). Part of the reason I migrated to value investing was that I started to fall behind - the main reason being I was moving from technical analysis to incorporating fundamental analysis because it seemed logical, and I was getting devastated because I didn't know what value was. I also needed something that was less time consuming for an upcoming busy several years for me. Last year I got lucky for most of the year, avoided the worst of October, only to crash miserably in the last two months. Then up 20% for the first Q of 98, now down over 20% since then. I can't say that I have had enough time or experience to know first hand that value investing is right for me and that I will or won't be able to beat the market long-term. I do know that my research leads me to stocks that other value investors have already found or are finding. So I figure I'm getting some of the research part down. But rather than experience conquering hope over time, I would say it is tomfoolery to know with the confidence of years of experience that you can't beat the market and still not get an index fund - unless you "enjoy the hunt." Mike