Friday, May 19, 2006
Why We're Here
Because value investing is really boring. If your going to do something, do something you love. Value investing these days is boring, we are tired of buying marginal business below book value that sells candy, tires, underwear or some other mundane product/service as old as time. We're not trying to buy 50 cents for $1 (if such a thing exists), we're trying to buy an apple seed that will blossom into a tree. We don't look to avoid risk, we seek it, that how we get paid, by taking on the risk others don't want.
Posted by Financial Planner at 11:15 PM