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

To: Paul Senior who wrote (4892)	8/30/1998 11:49:00 PM
From: Jurgis Bekepuris	Respond to of 78516

Paul, As always, candid and humorous responses. Way to go! :-))) I wrote the S&P500 piece not to persuade somebody to have a benchmark, but to understand why this index outperformed a lot of actively managed funds, and whether it's going to do so in the future. Furthermore, I want to understand why some stocks, indices or funds give "good" returns. I agree with Mike (and in some sense with you) that if S&P500 can provide me with "good" returns, then I should not spend hours reading S&P500+400+600 = S&P1500 guides, but just buy the Vanguard 500 fund. ;-) In fact, I'd buy BRK if I was sure that I'll get adequate return. Better spend my time catching those cars, women, vacations, etc. :-))) I don't know whether Buffett said the quote you give, but Marty Whitman definitely said so last year. I think his goal is 20% return a year. So you're in league with Marty san... :-) Should we go back to stock picking? Good luck Jurgis