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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (7199)	5/18/1999 12:42:00 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 77743

Mike: <<I think that the Gorilla Game describes history well. Applicability to the future, well... >> For 'Gorilla Game' one could substitute Buffettology, Value investing, "What Works on Wall Street" and virtually any other method that has shown itself to be useful for a time...even a long time. And these are certainly times that test time-tested methods. One of the most costly mistakes an investor can make is to apply historical periods and methods as templates to situations that appear similar but differ in important ways [Accounts of the 87 crash were repleat with templates of 29 overlaying nearly identical chart patterns to 'prove' the inevitability of collapse]. But a worse error, IMO, is to ignore perspective that methods like Buffett's and Gorilla provide to analyzing the value or competitive context of a situation. My earlier suggestion on reading Gorilla was about that, not an absolute assurance that AAPL was toast due to Microsoft's dominance. It probably is, and I personally wouldn't bet on it. But I haven't studied it closely since having it breifly on my 'to short' list [I didn't]. BTW: Did you get that file I sent on EVA research?