Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: rationalwalk Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 213837  
Subject: Re: A Little Munger Color Date: 3/24/2013 4:12 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 7
I remember all so well back in 2001 I think having this discussion about the valuation of Cisco with a very popular poster on the old yahoo board. It was my view that it was plum dang crazy, and that this one decision to "hold" Cisco would out-importance all the other portfolio decisions this poster would make for the next 10 years. The poster had sold a little Cisco but kept the rest and the justification was that John Chambers was THE smartest guy in the entire world.

I believe that I remember that discussion back on the old yahoo board although I cannot remember who the bull on Cisco was. Dealraker and benkea in particular were anchors of wisdom in uncertain times. I don't recall either of them being dismissive of aspiring value investors, however, and while sarcastic at times neither of them were gratuitously rude and nasty either.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Microsoft Admits Defeat and Wins?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement