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

To: Michael Burry who wrote (4793)	8/23/1998 7:25:00 PM
From: LarryD	Respond to of 78998

The market for the last two years has been dominated by Ponzi schemes masquerading as stocks. If you as a value investor think, as I do, that the market has been crazily overvalued, I think it is not a useful goal trying to beat that market in the short run. I think when the big correction occurs, most of the stocks favored on this thread will fall, but not as much as the high-fliers. I bought NH at 19, 16, and 12, because I saw value at each level. I'm not losing sleep over it and the other stocks I've gotten at what I think are bargain levels. I sure wouldn't trade them for MSFT, INTC, DELL, yahoo, amazon, etc at this point.