Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“Yes, I would like to pay the fair-value price for the stocks I buy. Why wouldn’t I?”
The problem is that your idea of fair market is lower than other peoples, therefore they won’t sell to you.
You seem to think that fair value is a single number, whereas in reality investors can have different ideas of what is fair value for them.
We can add fair-value to the long list of investing topics that you don’t understand.
I believe that my idea of fair-value stock prices would be very much in line with that of most other investors if all investors had access to discussion boards and blogs that permitted honest posting re the last 43 years of peer-reviewed research in this field.
There’s only one way to find out.
Rob


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