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

To: cfimx who wrote (983)	1/9/1999 8:57:00 PM
From: Investor2	Respond to of 4691

Nice post. Re: "That brings me to another criticism I have of our little group of aspiring Buffetologists. We put more emphasis on PRICE than we do on the quality of the business, which is the OPPOSITE of what we SHOULD be doing. ... we don't have to wait for the 100 year storm to get the thing at half off. It means when we find a company we want to hold FOREVER, we are on safe ground BUYING IT for what it is worth, and not mistakenly thinking we have to STEAL it." You have hit on my greatest weakness: always trying to get the best bargain. I'm always trying to buy a stock for "half off." While that is possible, I find that my greatest success comes when I slowly build a position in the finest company, not worrying so much about buying at the ultimate lows. Best wishes, I2