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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (7191)5/18/1999 3:48:00 AM
From: James Clarke   of 77736
 
<<"The race isn't always to the swiftest, but that's the way to bet" Damon Runyon.>>

Depends what the odds are, now, doesn't it? That's what's so elegantly beautiful about investment analysis. Everybody knows Microsoft is the swiftest (and everybody may even be right about that) but this is your 4:3 odds horse. (I might argue a lot of these are 1:2 horses now...even if they win, you probably still lose money.) What odds is Mike getting on Apple?

I would suggest finding Charlie Munger's comments comparing stock investing to pari-mutual betting on horses. It got me thinking.
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