By Ilan Moscovitz
If you talk to the most successful value investors on the planet these days, you'll notice a common refrain:
"We're … finding bargains galore"
That's Whitney Tilson, whose T2 Partners has earned 7% annually since inception in 1999 versus negative 3% for the S&P 500.
Not to be outdone, superinvestor Warren Buffett penned an op-ed in The New York Times comparing the present to troubled periods like 1932, 1942, and the early 1980s -- all fantastic times to buy stocks.
And I never thought we would see the day when GMO's notorious perma-bear Jeremy Grantham would say, "You are looking at the best prices in 20 years."
The last time that guy was actually optimistic about stocks was in 1982.
more in:
http://www.fool.com/investing/value/2009/05/29/3-huge-value-traps-you-must-avoid-today.aspx
Ruin-Nation
11 months ago
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