07-01-2011, 09:32 AM
(07-01-2011, 06:46 AM)Bored in Melbourne Wrote: I think that many people here are getting away from the real philosophy of Value Investing.
While I don't disagree with this, we have to remember that Value Buddies' previous incarnation was after all Afralug and prior to that, Wallstraits. Naturally, the forum wouldn't be confined to Value Investors.
Also, we must remember that Warren Buffett himself tweaked his investing style over the years. At one point, he shut down his first partnership because he couldn't understand the market.
In sum,
a) We can't expect only hardcore, real fundamental Value Investors here.
b) Markets, being the dynamic entities that they are, mean that over the years, some tweaks will be required to the basic philosophies. Probably not to suit the theory but to suit the investor's own psychology.