Thanks RockyCat, for your post and for your kind words too.I'm sure nothing (well, very little) related to investing is out ofplace. My view of this discussion stated in post #2 - sort of likesitting around a campfire, and every so often someone speaks up.I guess you bought your 4th edn used? I know the 3rd has been re-issuedbut have not even got to the point of buying that yet.Right now, on my reading table, is Charles Brandes "Value InvestingToday". I like the book. It is introductory, something that mightbe given to a friend who was interested. And sometimes the way aparticular point is covered suggests a perspective that goes beyondintroductory, so I think any value investor might gain from Brandes'book.My opinion of the 5th edn you know. Perhaps it was disappointmentthat it was no longer the voice of Ben Graham that put me off.Turning to another topic - the Delphi chap 11 filing made me wonderif there are presently values in auto related. I think in generalit is a bit too soon to move, but maybe not too soon to start tryingto find some candidates.Sales of autos overseas seem robust, from anecdotal material excerptedin Doug Noland's "Credit Bubble Bulletin", via www.prudentbear.comEach week Doug mentions inflation-suggestive news items eg Bloombergand there is frequently a mention of increased auto sales figures.So, I'm wondering if a US-based auto parts company, which has patentsor other merits which give it entree to global vehicle manufacturers,might be robust enough to be a safe investment. Perhaps if there isa lot of Delphi-related pessimism developing, most of the parts mfgrsmay get sold down in sympathy.No specific names in mind. Just wondering how to play the situation.My current candidates for accululation are Alcan (which I consider tobe quite safe, and advantageously priced, though perhaps not ultimatelow which may be reached if there is a confidence break in the market),and forest products companies - of which I'm trending into Cascades,Domtar, Norbord, Abitibi (bit spec), and Tembec (much more spec).And just having a ball, watching silver price go up, as entitlementsto silver are about 10 pct of my portfolio. There I'm holding somesilver certificates (as proxies for the metal, ultimately redeemablein cash though, not really metal) and some shares of SSRI.Last time around in the big spike in silver, April-2004, I neglectedto sell a bit. Possibly I'll try to catch the volatility this time,sell some to maintain 5-10 pct overall, buy back later if it drops,or if silver does not drop, have no regrets because of retained part.
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