Valuable Ideas from the West Coast Value Investing Conference [View article]
just to add: seeking "reasonable companies at great prices" leads exactly to investments in potential catastrophies like aig. good companies at fair prices make a lot more sense than "reasonable" ones at great. after all - how can you really know how great a price is in relation to the shortfalls of the company. it's like trying to get second class quality at third class prices - you pay less, but still things can get kaputt very fast
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just to add: seeking "reasonable companies at great prices" leads exactly to investments in potential catastrophies like aig. good companies at fair prices make a lot more sense than "reasonable" ones at great. after all - how can you really know how great a price is in relation to the shortfalls of the company. it's like trying to get second class quality at third class prices - you pay less, but still things can get kaputt very fast
May 09 05:02 am
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All Comments by fxtrader07 »Valuable Ideas from the West Coast Value Investing Conference [View article]