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

To: James Clarke who wrote (5475)	12/18/1998 11:54:00 PM
From: dj8000	Read Replies (1) \| Respond to of 78717

JJC: I agreed that you want buy good(or bad) company only at reasonable price, but there are two things need to be considered more: 1. book value. some stock considered have "value" if below book value, but watch out, as these book value could be some unsold inventory and it could worth 0. 2. another thing you mentioned that if one stock has zero down side risk, you will buy it without thinking about the upside potential. well, in this case, you are more like buy CD or bond, or things of that nature, then why bother with stock. i think very few stocks has zero(or very little) down side risk. the nature of stock is the volatility. by the way, COKE down from 88 to 62 now. so you and me, or every one in the street, has down better then buffet. DJ

To: James Clarke who wrote (5475)	12/19/1998 12:07:00 AM
From: Paul Senior	Respond to of 78717

Thanks Jim. I retracted my post after you so I could focus on what you were saying. Paul

To: James Clarke who wrote (5475)	12/19/1998 12:59:00 AM
From: Investor2	Respond to of 78717

Nice post. Perhaps I should have addressed this to you: Message 6900394 Best wishes, I2

To: James Clarke who wrote (5475)	12/19/1998 6:04:00 PM
From: Freedom Fighter	Respond to of 78717

James, >>This may just be me talking to myself. I'm still going to post it because I think it might stimulate some thought, in light of Paul's and Wayne's thoughtful posts on their ways of approaching value investing. There is no one right way to do this. << I hope you didn't think I was trashing the CYM idea. In fact, I am looking at it too. I think it's a GOOD Idea. The thing I was trying to express was that I CAN'T find any values among higher quality, high ROE businesses and that's the only reason I am considering investments like CYM and ESV. Wayne