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

To: Paul Senior who wrote (7412)	6/6/1999 6:48:00 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78652

Paul: If accounting profs are so smart, why aren't they rich? Risk is the price one pays to play...some folks just aren't wired for it. On the other hand, most successful serious investors are knowledgeable about accounting and some are rich...WEB does that. When I look at a potential value investment the price has been beaten down despite an optimistic bias on Wall Street. Someone sees some negatives there. Sometimes this relates to strategy or external developments, but sometimes it's foretold in the financials. Part of what I'm about is trying to learn more to be able to recognize what the short side sees that I might otherwise be missing. That said, I totally agree that spending hours digging thru complex multi-subsidiary financials to find the fly in the ointment is a waste of time and I wouldn't do it either.