Being a contrarian by nature, and in disagreement with much of what is written on the blogs, I more often find myself biting my tongue and keeping my opinion to myself (or on my own blog) instead of being the only one to speak up in disagreement (only to be labeled troll, etc.)

I especially paid attention to this chapter, since Warren Buffett himself always tells people to read chapters 8 and 20. It’s so important to remember that Mr. Market is there to give us price quotations based on HIS feelings, not the actual underlying companies’ values.

People like to put Buffett down for “buying too early” or “messing up” but I believe they’re generally wrong. Buffett finds a price where he thinks he’s buying a business for less than it’s worth and he buys it. He doesn’t care where the market’s going; he only cares that the companies whose stocks he is purchasing are trading at large discounts.

Buy when they’re cheap, and sell when they’re too expensive, right? By the way, I am enjoying your posts on this book. I read your site, but the only times I’ve wanted to comment are for the Ben Graham stuff.

Comment #1 is an example of one where I actually clicked the link. Chris has had insightful comments on past posts if I recall. This comment adds an opinion. His linked article is relevant and reasonably current (just a few weeks old.) I feel that he contributes to the discussion and was reasonable/responsible about linking.

Also, this probably suggests now is a great time to buy up these superior companies at a huge discount. Dividend yields are way up, and all stocks have been hit by the market crash, but some just didn’t deserve to have their share prices beaten as low as they are today.

I wrote an interesting article on this phenomenon of people buying high and selling low on my site. Please click the link in my signature to check it out.

Thanks again Trent for this great book review of an investment classic.