Paul Meisel

Have You Read Your Classic Buffett?

I think there may be a few more value investors than there were years ago.... but the increase is overwhelmed by the increase in daytraders, momentum traders, long/short hedgers.......

Value investing requires patience, which is in short supply.

Portfolio with Substantial Single-Stock Concentration

"I pick individual stocks that I feel are good firms and that have good portfolio effects (Buffett)."

Exactly my approach, usually with stakes of about 4-5% but sometimes up to 15-18%. I have one 2% speculative position in a "local favorite" stock that my heirs will sell.

As for Cramer, he's like the Scandinavian buffer, if you eat every thing it offers you will ruin your health, so I look at the smorgasbord and pick and choose. Its a lot more entertaining that Louis Rukeyser ever was. I like NASCAR racing too, and both kinds of music, country and western.....

Portfolio with Substantial Single-Stock Concentration

I like the article, but am not sure that I agree that picking asset classes is more important than picking stocks. I think that is an anti-Buffett conclusion, and if I have to choose between Buffett and Bogle, I take Buffett, no disrespect to either... and Cramer is a better read than Vanguard.