On 16/10/2012 23:56:21, Oliver Boyle wrote:
Thanks again guys, excellent resource. Reading this reminded me of a quote I picked up from Howards Marks although it is attributed to Yogi Berra, “In theory there is no difference between theory and practice. In practice there is.”

On 19/10/2012 21:42:43, James East wrote:
Great write up the tribulations of a deep value investor. I have fortunately (call it paid in full experience) been thru several such episodes. It is either hard to pull the trigger to buy more and hard to sell out as the psychology gets in 'stuck' mode on these occasion. After a few rounds of such experience, one hopefully learns and either is willing to close the position as put it in the 'too hard pile', or load up. In other words, do not find yourself in the 'stuck place' -- easier said than executed though. Again, great write up. Side note: I have found that writing a "pre-mortem' versus a "post-mortem" helps in having direct action points.