Originally posted by Joss Weatherby
Well you sold me... I am putting some money into them next week.
Good luck. This is a very volatile stock so do not be alarmed when it goes down 10% in a day, and up 10% in a day. But I think the company backing the stock is of good quality.
___________________
Mar-10-2009 19:33
Joss Weatherby
Banned
Registered: May 2008
Location: The Pacific Northwest, of course
quote:
Originally posted by Krypton
Good luck. This is a very volatile stock so do not be alarmed when it goes down 10% in a day, and up 10% in a day. But I think the company backing the stock is of good quality.
I'm not that worried, I am young, single and live with my parents.
I have money to burn trying things out.
Mar-10-2009 20:22
Dervish
Your opinion matters.
Registered: Dec 2003
Location:
Hmm depends which era of Buffet you're talking about to directly relate him to Graham. He changed over the years. What you are talking about seems more Charlie Munger.
But as I understand it normally the idea is to calculate what the company would be worth if it went bust and was asset stripped? For a Graham/early Buffet ideology?
Been awhile since I looked into it though so might have it wrong?
Mar-10-2009 20:27
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
quote:
Originally posted by Dervish
Hmm depends which era of Buffet you're talking about to directly relate him to Graham. He changed over the years. What you are talking about seems more Charlie Munger.
But as I understand it normally the idea is to calculate what the company would be worth if it went bust and was asset stripped? For a Graham/early Buffet ideology?
Been awhile since I looked into it though so might have it wrong?
I'm talking about the general philosophy. Buying high quality companies at a great price and viewing them as a business rather than a stock.
___________________
Mar-10-2009 20:48
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
quote:
Originally posted by Joss Weatherby
I'm not that worried, I am young, single and live with my parents.
I have money to burn trying things out.
I'm in the same boat. Still an undergrad with lots of time.
___________________
Mar-10-2009 20:49
iammesol
Burnt out and grown up
Registered: Mar 2004
Location: Atlanta, USA
This graph is not upside down.
Disclaimer: The market is going to drop tomorrow.
Mar-10-2009 22:41
enydo
~
Registered: Jan 2008
Location: NYC
Ok.
Disclaimer: I'm going to eat cinnamon rolls for breakfast tomorrow.
Originally posted by ziptnf
I probably wake up QWOPing.
Mar-10-2009 23:40
iammesol
Burnt out and grown up
Registered: Mar 2004
Location: Atlanta, USA
quote:
Originally posted by enydo
Ok.
Disclaimer: I'm going to eat cinnamon rolls for breakfast tomorrow.
Damn you! I want cinnanon rolls
Disclaimer: The DOW is currently teetering in the positives.
Mar-11-2009 15:06
Scottaculous
habitual line crosser
Registered: Mar 2001
Location: On a plane
It should be noted that while picking the right stock and buying at the right time helps investments, for long term growth, proper asset allocation is your best strategy for continued success.
I heard an analogy the other day that amazed me too. If you were alive when Jesus was born (day 0, year 0) and spent one million dollars ($1,000,000.00) that day and another million dollars EVERY DAY SINCE THEN..thats one million bucks per day for 2,009 years and 3 months...you STILL would not have spent a trillion dollars. (only around $730 billion)
I am putting some money into them next week. 
