tag:blogger.com,1999:blog-816559531110064247.post6053726388783724570..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: There are no models for all seasonsCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-816559531110064247.post-928587505884032922008-11-05T18:58:00.000-08:002008-11-05T18:58:00.000-08:00DavidThese are indeed precarious times, not only f...David<BR/><BR/>These are indeed precarious times, not only for the markets but for the world. Yet from a bottom-up value-oriented stock pickers' point of view, there are plenty of bargains. The list of companies that are worth more dead than alive is bigger than what I've seen in a long time.<BR/><BR/>That suggests to me that the risks to the outlook are macroeconomic. If this is just a recession, then bottom fishing is likely to be rewarded if you are patient.Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-79849901075457914092008-11-04T08:06:00.000-08:002008-11-04T08:06:00.000-08:00Humble Student, if you did not catch my apology ov...Humble Student, if you did not catch my apology over at my blog, I offer it here. I misread you, and I am sorry that misrepresented your views.<BR/><BR/>As for my fallible views, we are in uncharted waters (aren't we always?). When the financial sector is impaired, most models don't work. When government intervention increases dramatically, most models don't work so well either. Global recessions, of which there have been few of late, have a greater tendency to precipitate wars than times of economic expansion.<BR/><BR/>The times aren't normal, so for now, I look for things that are safe, cheap, and self-financing. There will come a time for buying the trash, but as for now, my question is what low quality companies will survive to make it to that rally.<BR/><BR/>Keep up the good work, your blog is valuable to the financial blogosphere.otogaDavid Merkelhttps://www.blogger.com/profile/05073877918072914309noreply@blogger.com