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No. of Recommendations: 7
Hi hochwald,

I completely understand what you're saying but I obviously can't promise that all deep value investments will meet your specific criteria. Rather, I'll keep recommending what I think are solid opportunities and you can feel free to ignore the ones that aren't right for you. Is that fair?

You say, "the process was broken on this one." I firmly disagree. But, what I will readily admit is that this investment had more uncertainty and risk than some of our other investments. However, on balance, I felt the risk was worth taking.

Also, you mention investments that "warrant 10% of my portfolio". I've never advocated that DV should represent 100% of your stock portfolio. I strongly believe in our strategy but even I don't have anywhere near 100% of my stock portfolio in deep value investments.

Enjoy the rest of your weekend,
Ron
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