slickvguy

Research in Motion Warns, But Do Individual Stocks Matter Anymore?

Typical stupidity. Stock price has become everything. Value? What's that? So because everyone else is an idiot - you should do the same. Brilliant. I guess those morons like Buffett and Watsa just don't get it. All the old stuff doesnt' work anymore? Well, here's my take: when the majority of people are saying things like "buy and hold is dead" (translation: I bought companies at way too high a price and ignored them) and "everything we've learned for decades it moot"....the intelligent response is to be a contrarian and do the opposite, i.e. buy great companies at good prices and hold for the long-term. The last time I heard these kinds of things was around the Nasdaq top.

It is *NOT* different this time. Value investing is the only thing that ever has made sense. Too many people think "buy and hold" means something that it doesn't. The key is *WHAT* you choose to buy and hold, and what PRICE you pay for it versus the VALUE.