The_Value_Investor's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/296995/comments http://seekingalpha.com/article/118394-what-the-really-smart-money-is-buying?source=feed#comment-375750 375750 Wed, 04 Feb 2009 13:37:46 -0500 http://seekingalpha.com/article/110008-is-america-on-a-downward-slope?source=feed#comment-325661 325661 Wed, 10 Dec 2008 12:50:59 -0500 http://seekingalpha.com/article/107512-how-times-have-changed-s-p-500-includes-smallcaps-and-microcaps?source=feed#comment-314044 314044 Mon, 24 Nov 2008 17:16:41 -0500 http://seekingalpha.com/article/107103-5-keys-to-value-investing-profits?source=feed#comment-311093 311093
Patience really is a virtue in investing, often times when you have people such as investors to answer to you can't hold things as long as you want due to many investors and managers short-term focus. I bought Walter Industries(WLT) in June of 2007 for $32/sh. Despite managements near term shaky outlook I held it as shares plummeted to $23 as Pirate Capital sold out of it. By exercising patience I was able to enjoy the upward ride when Cerberus bought in along with many other investors. I sold it in May of 2008 around $80, before the peak but still more than double my money in less than a year b/c of patience.

Rebalancing is a tricky question. I prefer bottom up analysis so I don't tend to rebalance as often as others by letting good buys determine my mix rather than the broader markets views.

I also am a huge believe in consistency. Throughout the 90's everyone hated value guys. They weren't getting the #'s that growth and tech guys were, but in the long run, value wins out, and managers that tried to let the markets dictate their style lose out. Stick to what you know, don't back down.

And do make sure you know what cheap is.]]> Thu, 20 Nov 2008 15:28:58 -0500
Patience really is a virtue in investing, often times when you have people such as investors to answer to you can't hold things as long as you want due to many investors and managers short-term focus. I bought Walter Industries(WLT) in June of 2007 for $32/sh. Despite managements near term shaky outlook I held it as shares plummeted to $23 as Pirate Capital sold out of it. By exercising patience I was able to enjoy the upward ride when Cerberus bought in along with many other investors. I sold it in May of 2008 around $80, before the peak but still more than double my money in less than a year b/c of patience.

Rebalancing is a tricky question. I prefer bottom up analysis so I don't tend to rebalance as often as others by letting good buys determine my mix rather than the broader markets views.

I also am a huge believe in consistency. Throughout the 90's everyone hated value guys. They weren't getting the #'s that growth and tech guys were, but in the long run, value wins out, and managers that tried to let the markets dictate their style lose out. Stick to what you know, don't back down.

And do make sure you know what cheap is.]]> http://seekingalpha.com/article/106827-easing-inflation-gives-fed-more-room-to-cut-rates?source=feed#comment-309907 309907 Wed, 19 Nov 2008 11:30:21 -0500 http://seekingalpha.com/article/106716-this-recession-should-end-in-june?source=feed#comment-309898 309898 Wed, 19 Nov 2008 11:23:54 -0500 http://seekingalpha.com/article/106501-valuing-stocks-during-a-recession?source=feed#comment-308941 308941 Tue, 18 Nov 2008 11:30:05 -0500 http://seekingalpha.com/article/106333-labor-markets-face-slow-recovery?source=feed#comment-308235 308235 Mon, 17 Nov 2008 16:27:03 -0500 http://seekingalpha.com/article/105061-should-we-really-bail-out-the-big-three-automakers-with-73-20-per-hour-labor?source=feed#comment-306360 306360 Fri, 14 Nov 2008 16:17:10 -0500 http://seekingalpha.com/article/103279-11-stocks-selling-below-cash?source=feed#comment-305583 305583 Thu, 13 Nov 2008 17:32:46 -0500 http://seekingalpha.com/article/105061-should-we-really-bail-out-the-big-three-automakers-with-73-20-per-hour-labor?source=feed#comment-305577 305577 Thu, 13 Nov 2008 17:27:35 -0500 http://seekingalpha.com/article/105756-when-did-the-recession-begin?source=feed#comment-305572 305572 Thu, 13 Nov 2008 17:21:39 -0500 http://seekingalpha.com/article/105552-paul-krugman-al-gore-the-way-forward?source=feed#comment-304530 304530 Wed, 12 Nov 2008 17:23:04 -0500