The following was written on January 16, 2004
Investing today is just plain different and difficult. Today, it's a global world, and billions of dollars are being invested by managers using "other people's money."
Investing to me has always been a matter of buying great values at a time when most people won't touch these same values.
Which, of course, brings up the question, "Are there any great values today, and if so -- where the heck are they?"