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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1300)	2/19/1999 11:41:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 1722

>>Nothing is worthy of thought to those whose minds are already locked shut. But, after all, you have made a number of claims in the first instance. I plan to respond<< I'm not sure what you are talking about here. You're free to write whatever you want. I would just prefer not getting into a long discussion about whether or not buying and selling securities based on what other investors are doing falls into the category of value investing. It's too preposterous of a claim. Both of our energies would be better off being used in discussing more important matters. So please express your opinions without pointing to mine on this issue. Otherwise I feel compelled to respond. Again, my mind is very open to discussions on business value because that's how I choose to invest. I think buy and sell cash flow analysis is greater fool theory and not something that value investors should be looking at. You are correct that my mind is closed to variations of the greater fool theory even if they can be demonstrated to be useful for traders and the like. As far as Lazlo goes, I was not criticizing him. I don't know his entire methodology. I was criticizing the use of his cash flow method as a tool in value investing. I know of no one that considers himself a business buyer that cares about such issues and I would encourage other investors who are interested in business value to ignore such issues too. Wayne