Comments on: Making Decisions Without All The Facts http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/?source=rss Excel DCF Stock Valuation Spreadsheet and Calculator Mon, 15 Mar 2010 14:44:05 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Jae Jun http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-282 Jae Jun Sat, 16 Aug 2008 04:00:24 +0000 http://www.oldschoolvalue.com/?p=123#comment-282 Hi andar909 Glad you enjoy it, and you don't have to agree with me. LOL. Hi andar909

Glad you enjoy it, and you don’t have to agree with me. LOL.

]]> By: andar909 http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-270 andar909 Sun, 10 Aug 2008 20:20:17 +0000 http://www.oldschoolvalue.com/?p=123#comment-270 hi, andar here, i just read your post. i like very much. agree to you, sir. hi, andar here, i just read your post. i like very much. agree to you, sir.

]]> By: Investor http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-229 Investor Sun, 27 Jul 2008 13:15:43 +0000 http://www.oldschoolvalue.com/?p=123#comment-229 Looking back at my past mistakes, 2 areas have repeated. The stocks are cheap and leveraged. So over time I have avoided my temptation to look at only real cheap stocks that in many cases were a value trap. Look closely at the business and the business model. Picking up cigarette butts is a short term strategy so one needs to trade these if one desires. One that comes to mind right now is dds. How about develop a list of stocks with good prices now (hopefully cheap) that have good business models? Looking back at my past mistakes, 2 areas have repeated. The stocks are cheap and leveraged. So over time I have avoided my temptation to look at only real cheap stocks that in many cases were a value trap. Look closely at the business and the business model.
Picking up cigarette butts is a short term strategy so one needs to trade these if one desires. One that comes to mind right now is dds.

How about develop a list of stocks with good prices now (hopefully cheap) that have good business models?

]]> By: Weekly Dividend Investing Roundup - July 26, 2008 » The Dividend Guy Blog http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-227 Weekly Dividend Investing Roundup - July 26, 2008 » The Dividend Guy Blog Sat, 26 Jul 2008 15:17:45 +0000 http://www.oldschoolvalue.com/?p=123#comment-227 [...] Art versus science - in decision making [...] color: #d9f9ff;">

[...] Art versus science – in decision making [...]

]]> By: Jeff Annello http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-225 Jeff Annello Sat, 26 Jul 2008 00:16:40 +0000 http://www.oldschoolvalue.com/?p=123#comment-225 Jae, I tackle that in a couple of ways. One, I try to write about my investments on the blog. Most of what I own I've written about. It gets it all down, at the very least. Second, I try to have some things down in a basic spreadsheet, at least my valuations. They aren't complex in any way, but I get them down. Lastly, when I read annual reports or Q's, what have you, I'm always highlighting, underlining, writing in the margins, etc. When you need to look at it again, you can do so easily. Jae,

I tackle that in a couple of ways. One, I try to write about my investments on the blog. Most of what I own I’ve written about. It gets it all down, at the very least.

Second, I try to have some things down in a basic spreadsheet, at least my valuations. They aren’t complex in any way, but I get them down.

Lastly, when I read annual reports or Q’s, what have you, I’m always highlighting, underlining, writing in the margins, etc. When you need to look at it again, you can do so easily.

]]> By: Jae Jun http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-224 Jae Jun Thu, 24 Jul 2008 01:11:33 +0000 http://www.oldschoolvalue.com/?p=123#comment-224 Good points Jeff. Everything you say is spot on and obviously it has to be applied to certain situations rather than taking it mainstream. It's those times when a company suddenly falls from the sky and you don't have days to look through it, you've got to make the decision of whether to buy or not. I believe it's all about being able to apply specific thinking processes to the correct situation. But as you mentioned, it is still DEFINITELY better to not lose money. Although I kick myself for missing out on opportunities, Rule #1 is still Rule #1. I should seriously stop being lazy and write down notes on paper... ;) Good points Jeff. Everything you say is spot on and obviously it has to be applied to certain situations rather than taking it mainstream.

It’s those times when a company suddenly falls from the sky and you don’t have days to look through it, you’ve got to make the decision of whether to buy or not. I believe it’s all about being able to apply specific thinking processes to the correct situation.

But as you mentioned, it is still DEFINITELY better to not lose money.
Although I kick myself for missing out on opportunities, Rule #1 is still Rule #1.

I should seriously stop being lazy and write down notes on paper… ;)

]]> By: Jeff Annello http://www.oldschoolvalue.com/investing-perspective/making-decisions-without-all-the-facts/comment-page-1/#comment-223 Jeff Annello Wed, 23 Jul 2008 23:02:03 +0000 http://www.oldschoolvalue.com/?p=123#comment-223 Jae, You make some good points, especially related to the 80/20 rule. I would caution against taking this thinking too far, however. You are much better off having missed an opportunity than researched it a bit much. If you're going to adopt a more "fluid" style, make sure that you have some sort of check on yourself to keep you from making hasty decisions. You can often miss a crucial bit of information if you try to act quickly. I think the best way, and this is how Buffett operates, is to be constantly studying businesses whether the price is "there" or not. That way, when the company comes down to a better price, you're ready to act. If you study something in depth once, Dolby for example, make sure you take good notes and get a good solid thesis together, so if you need to revisit what you've already done, you can review the material and merely take a day or two to get up to speed (obviously depends on the length of time between the firs and second part). Jae,

You make some good points, especially related to the 80/20 rule.

I would caution against taking this thinking too far, however. You are much better off having missed an opportunity than researched it a bit much. If you’re going to adopt a more “fluid” style, make sure that you have some sort of check on yourself to keep you from making hasty decisions. You can often miss a crucial bit of information if you try to act quickly.

I think the best way, and this is how Buffett operates, is to be constantly studying businesses whether the price is “there” or not. That way, when the company comes down to a better price, you’re ready to act. If you study something in depth once, Dolby for example, make sure you take good notes and get a good solid thesis together, so if you need to revisit what you’ve already done, you can review the material and merely take a day or two to get up to speed (obviously depends on the length of time between the firs and second part).

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