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  • indian8788 indian8788 Jan 27, 2013 10:20 PM Flag

    Deckers 5 year return lol

    I actually have not gotten around to that one yet. Read a great book a few weeks ago, forgot to mention it to you called The Indomitable Investor by Steven M. Sears. Fantastic book and he brings up margin of safety as well. Defintiely check that one out as well as Plutocrats. Forgot the authors name for Plutocrats, but her handle on global economics is phenomenal and the book is a treasure trove of information. Felt like a took a thourough Global Econ course lol.

    Sorry about your apple bro. I think it has value here(obviously) but not enough for me yet to pull the trigger. Maybe I am being greedy but I want a cheaper price for more margin of safety. That dividend though starting to provide a nice cushion for risk. Like I said, stock goes a little lower for me and I might have to nibble. If it gets away from me, it gets away.

    I don't believe people fully understand how much Apple is growing worldwide. America and investors are very close minded. Most people don't read or travel or educat themselves at all. They get up and do the same experiences over and over again. So their insight or investing acumen is weak. They still believe Americans matter lol(I am a born American). We are 300M in a cessool of 7B people with an emerging world. The world is getting flatter. At this price, there is value, but was never really enticed before the recent drop. Hoe you're alright. It is only money but I know it hurts a bit. It's a marathon not a sprint.


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    • I was enticed by the latest Apple drop and bought a handful of shares. As it drops further I will attempt to average down. My position will be limited, but I actually believe in the company now that Tim Cook is running it. I never believed Steve Jobs was a good CEO, but as an innovator he was in his own class. What I look for in a good CEO is a master at capital allocation.

    • I'll have to check out those books. Sound good!

      As for Apple, no biggie for me, my cost basis is 66 bucks. It's getting near bargain price currently but I won't add since my position is big enough already.

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