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

To: cfimx who wrote (5326)	11/23/1998 10:02:00 AM
From: dj8000	Respond to of 78601

buy COKE and sell it before correction, and buy it again, and sell it before correction, and go on. my poor buffet, who just can't sell. DJ

To: cfimx who wrote (5326)	11/23/1998 11:09:00 AM
From: Paul Senior	Respond to of 78601

Twister, I'll try it this way: In one corner we have Buffett and Munger worth maybe 25 Billion dollars. In another corner we have value investors. They're worth 2.5 Billion dollars. Where would I want to be? With Buffett of course. Now add to this that in Buffett's corner, there's only Charlie and Warren. In the value investing corner there's 2500 people. Where do I want to be now? With Buffett of course. But I say, regardless of where I want to be, where is my best shot at making money? It's with a burned-in system, a system that works for 2500 people and might work for me. In a corner with people who use a system that is freely available and understandable (sometimes -g-). It's NOT in the corner with the two exceptional outlier investor types- known for their secrecy (even before they were famous) and who have to have authors pour over their trades to discern what they did and why. And still nobody really can duplicate these two. So I say, forget about trying to emulate (learn from, okay...emulate no) Buffett. All the books on Buffett, the Buffett thread posts-- people can learn from them, but they are wasting time and losing opportunities IMO if they are solely using Buffett methods to search for, buy, and hold stocks.