Regarding large caps, you are right about that also. The current market has made large caps extremely cheap and just as mispriced.

I do invest in large caps and I already have positions I intend to hold for a long long time, but I just don’t go over them on this blog. It’s widely followed and everyone else has a blog or opinion on it so I don’t bother adding to the masses.

I also don’t disclose all my holdings for I don’t find it to be necessary.

Thanks for the thought. I do enjoy learning about macro and other issues at your blog though.

I don’t think you are macro-oriented, and you seem to be have more interest in smaller companies (at least that’s my limited impression) but, have you considered large cap stocks? Small caps obviously have far higher potential and are more likely to be mispriced but we may be witnessing one of the few time periods where large caps are actually “better.” I’m just bringing up this thought because, if the world economy slumps for a few years (just a guess and may not happen,) small caps may have a hard time.

Having said all that, you should pursue what interests you. If small caps interest you, focus on them because you will have a competitve advantage (and the upside is much larger too.)

Sivaram Velauthapillai’s last blog post..Nature of bear markets

Thanks for the including ‘The secret to successful investing – Episode #28′ in this Recommended Reading list [although it really is Recommended Watching ]

Have a great weekend.

Happy Holidays.

Ethan