gordo

Will the Market Keep Falling? I Hope So

very nice article, I like to buy exellent businesses with durable competitive advantage run by first class, honest managers at a reasonable price. When a great business like American Express can be purchased fractionally at say $44/share instead of $66/share one has a much better margin of safety inherent in their investment. I just bought AXP at $43 and change and do feel good about the investment. The real goal as an investor is to avoid buying poor businesses at what seems to be "good" prices.