Re: The (3) Most Important things for value investors
""""" think you are looking backwards with the benefit of hindsight, not foresight, and I say this wishing you and all of us in LVLT well. However, LVLT had zero margin of safety in the Spring on 2009. I too bought shares a little latter at an average cost of around $1.50 but it certainly did not fit the bill of Ben Graham, and in all humility, I wwas lucky.""""
I was buying some large caps back in the Spring of 2009. Ironically, BNSF was one of them and Buffett subsequently decided he liked it so much he wanted the whole thing. I have to agree with you Navi, lvlt had zero margin of Safety back then. What I did do however, was transfer all of my lvlt holdings from my IRA into a ROTH. So far, that is working out pretty well.