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BALANCING CHINESE ASSETS OFFERS A RARE OPPORTUNITY FOR INVESTORS, page-13

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vic_wattle

3,489 Posts.

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05/09/19

19:50

Post #: 40329489
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Originally posted by MarsC ↑

Well Vic, you do whatever seems rational to you. If you think real businesses are on the same rollercoaster as "securities", then you have deeper insights than I.

And on The Church of Graham, much as his disciples insist he advocated "Businesslike" investing, which he did, he also advocated a highly diversified "net-nets" approach. An approach that entertained a relatively cursory knowledge of each business, but relied on a deep margin to balance sheet. This does not seem particularly "business-owner-like" to me. It's more "security-owner-like".

But, the opportunities were there for the taking, so it was rational for him to do so. Ultimately, that's what he advocated above all else, rationality.

So keep trying to do what is rational. I certainly aim to. Maybe eventually we will both get there.

Expand

How do I buy a business?

I buy a security and buy the dream its mine. I fall in love with my business. I am a business owner I am.

I'm rattling on now, going round in circles. Will pipe down

Last edited by vic_wattle: 05/09/19

PTM Price at posting: $3.90 Sentiment: None Disclosure: Held
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