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Stocks W / Walter Industries


Subject:  Remember Mr. Market is nuts! Date:  11/15/2008  11:48 PM
Author:  francis1952 Number:  122 of 128

Ben Graham wrote that Mr. Msrket is one day morbidly depressed and the next he is euphorically high and happy. The price of Walters? Graham would suggest to trust your own research! Mr. Market is bold and unflappable (remember during the internet bubble how those pimple faced kids straight from college all but spit the words "Old Economy Stocks" out of their mouths, but were in favor of the hip, cutting edge dot coms which were so cool?) One Co. was bid up to 25 billion in mkt. cap. It did not ever make a profit!!! Two years after the bust it was worth $0

The book I'm referring to is "The Intelligent Investor", by Ben Graham. (Chapter 8) Trust your facts as long as you trust your resource. Good luck.

Gene F.

P.S. If you can tell me where to learn more about how to find which foreign currencies are considered strong against the dollar I would appreciate it. Just reply to this blog.
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