tag:blogger.com,1999:blog-28360876.post8745517878657645143..comments2023-10-26T11:34:14.369-04:00Comments on MFI Diary: Taking a Step Away from MFIMarsh_Gerdahttp://www.blogger.com/profile/01375422931807610092noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-28360876.post-70712439886799437792010-06-29T20:28:01.211-04:002010-06-29T20:28:01.211-04:00I would say Buffett would respond if you find a go...I would say Buffett would respond if you find a good company whose value appears more than the current price, you buy it regardless of the current market conditions. If you can't, don't buy. Berkshire obviously has lots of cash coming in through earnings and dividends so I am sure they always have cash in the account and I am sure sometimes they are more or less willing to buy companies depending on how things are going but it is my understanding, and I am in no way a Buffett expert, Berkshire has done really well getting in when things looked bad and getting out when things seemed to be heading to the moon.<br /><br />Kind of like the well known market indicator, the number of posts to the Yahoo MFI group.AndrewsDadhttps://www.blogger.com/profile/03060145267580346676noreply@blogger.comtag:blogger.com,1999:blog-28360876.post-72131906811605645662010-06-29T18:36:54.293-04:002010-06-29T18:36:54.293-04:00couple quick responses - there is no doubt the Hus...couple quick responses - there is no doubt the Hussmann article pushed me over the brink. I was already at the edge as people may have noticed on recent posts.<br /><br />Then regarding Buffett's comment about staying invested. That seems a little disingenuous as he holds buckets of cash when he can't find things at prices he finds attractive.Marsh_Gerdahttps://www.blogger.com/profile/01375422931807610092noreply@blogger.comtag:blogger.com,1999:blog-28360876.post-54248192986625676072010-06-29T14:04:54.578-04:002010-06-29T14:04:54.578-04:00Somewhat surprised... that I am surprised. Kind o...Somewhat surprised... that I am surprised. Kind of saw this coming but come on... its Marsh.... the keeper of the MFI flame.<br /><br />Without knowing a lot more of your situation, age, income, savings, dependents etc. I can't judge and even if I did know those things, I would not judge. It is your money, you do with it anything you want, nobody else has a say.. listening to Atlas Shrugged on CD.<br /><br />Been struggling myself with the whole MFI thing. Personally I think it is more of an overall market issue than MFI. I am really, really nervous about a complete market meltdown with all of the debt and such which is part of the reason I am less than 50% in stocks with the rest in cash sitting in a brokerage account. Then I see some interview with Buffet saying cash is never the place to be. You can't make money sitting on the sidelines, you should not try to time the bottom, get in when others are getting out, etc.<br /><br />Time will tell I guess if in fact MFI eventually delivers on the promise, which so far I do not believe it has, if this is an example of what Greenblatt was saying when he said some will not stick with it which is why in the long run it will work. Or if M.G. is smarter than the average bear.<br /><br />Either way, I wish you the best, have enjoyed reading the blog and the Yahoo group posts, hope they do not go completely away.AndrewsDadhttps://www.blogger.com/profile/03060145267580346676noreply@blogger.comtag:blogger.com,1999:blog-28360876.post-4844903408273050632010-06-29T10:40:02.526-04:002010-06-29T10:40:02.526-04:00Did you read Hussman's latest market commentar...Did you read Hussman's latest market commentary yesterday? It's very scary. Let's hope to God he's wrong.<br /><br />http://www.hussmanfunds.com/wmc/wmc100628.htmHomer315https://www.blogger.com/profile/08861912576884021842noreply@blogger.com