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Re: [sharechat] PE to high?. by macdunk

From:	"Steve Moxham" <steve@stevemoxham.com>
Date:	Sat, 8 Nov 2003 19:50:39 +1300

MacDunk,

Your investing style reminds me of Warren Buffett's, 'buy at a discount to intrinsic value', meaning that its not what you pay for it today that really matters, but what you pay for it today in relative terms to what it will be worth over the longer term. As to being wrong or not, you're really only wrong if you're losing money. There are of course degrees of success to winning and being right in the longer term!

Cheers,

Steve

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