Apple to Announce Q2 2013 Earnings on April 23

[IJ Reilly]

You're saying Einhorn isn't a true value investor? Are you saying Buffett is wrong for saying all investing is value investing? There is no "formula" to value investing, only ways to estimate what a business is worth to a private owner. The point of investing is to buy securities that sell below intrinsic value, and often, it is the unattractive ones that sell at a discount. Making a confident decision requires thorough analysis. Did you read any source materials to confirm your analysis?

No, I did not say anything of the kind.

Buffett is the exception to almost every rule. He buys entire companies and/or control of those companies. This is where he finds value. The other 99.99% of investors cannot hope or ever expect to duplicate his investment strategy. Not that value investing for the rest of us is a bad thing. It just isn't the only thing. It is also not an infallible system, as some might have you believe.

I have read extensively about investing and have been at it for over 35 years.

 

[Squilly]

4 days away. Maybe they'll push back to $400, maybe....