"During 2008 I did some dumb things in investments. I made at least one major mistake of commission and several lesser ones that also hurt. I will tell you more about these later. Furthermore, I made some errors of omission, sucking my thumb when new facts came in that should have caused me to re-examine my thinking and promptly take action.
"Additionally, the market value of the bonds and stocks that we continue to
hold suffered a significant decline along with the general market. This does
not bother Charlie and me. Indeed, we enjoy such price declines if we have
funds available to increase our positions. Long ago, Ben Graham taught me that
'Price is what you pay; value is what you get.'
"Whether we're talking about socks or stocks, I like buying quality
merchandise when it is marked down."
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 Bob DeMarco is a citizen journalist, blogger, and Caregiver. In addition to being an experienced writer he taught at the University of Georgia , was an Asociate Director and Limited Partner at Bear Stearns, was CEO of IP Group, and is a mentor. Bob currently resides in Delray Beach, FL where he cares for his mother, Dorothy, who suffers from Alzheimer's disease. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. His content has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, BlogCritics, and a growing list of newspaper websites (15). Bob is actively seeking syndication and writing assignments. |
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