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

To: Michael Burry who wrote (6406)	3/23/1999 12:45:00 AM
From: James Clarke	Respond to of 78497

Isn't that exchange interesting? I consider LHO a dog and kick it every day because I bought it for 13 and Mike loves the same stock because he paid single digits for it. Same chart, same stock. And I made the same decision in holding it at 9 when he was buying. So why don't I feel joy at a 33% gain from that point? This game is supposed to be rational. It is so hard to take emotion out of investing, but if I am ever going to master this game, that is what I am going to have to learn. It is extraordinarily difficult. But when Charlie Munger described his partner, Warren Buffett, he didn't talk about his skill with numbers or his patience...what he said was The man is ALWAYS rational. Extraordinarily difficult. JJC