wachtwoord

Since I discovered Bitcoin 2 years ago I have really liked the concept of a cryptocurrency. I believe in time one or more cryptocurrencies will replace fiat currencies. And no, cryptocurrencies aren't even remotely comparable to e-gold, if you believe that you haven't investigated it sufficiently. I would recommend anyone to read http://evoorhees.blogspot.nl/2012/04/bitcoin-libertarian-introduction.html And I'm not buying any at $90 as well, mainly because I find it impossible to value them (therefore they likely don't belong on a value investors forum as it's speculative at any price).

Thanks for the discussions in this thread, they helped me in my analysis of what I think is a great investment. I initiated a position today @ $66.32.

OMG! I have been investing for years, but never knew what I was doing. I was floating in a sea of despair. I knew I was searching for the right way to invest, but the fact that I didn't know what I was looking for made it that much harder to find. They say when the student is ready the teacher will appear. And here you are. Look at this treasure trove. Don't time the market. Check. Buy a high value wide moat business! Check . . . um, could you perhaps explain this "wide moat" concept? Also, you mention "the intelligent investor". What is that? Who wrote it? Thanks very much! Haha lol ;D I figured it would have been clear referring to the most-well known value investing book ever was meant jokingly. Perhaps I should have stopped after the first sentence. However the point I made stands. Tomorrow the market will either be flat, go up or go down ;)

I thought this was a value investors forum? OP, are you saying you never read the intelligent investor? Don't try to time the market (no one can). Buy when a high value wide-moat business is undervalued with a high enough margin of safety (and optionally sell when it's sufficiently overvalued).