Falling Out the First Storey Window
By GeoffGannon on Sat, 2007-03-17 17:00
(via valuediscipline.blogspot.com)
Rick of Value Discipline returns with a great post on the recent market turmoil - "the Chinese 'accident' was more of a scrape or a fender-bender than a full-fledged crash...a fall out of a first storey window." A great post that touches on several important topics mainly focusing on risk and panic or the lack thereof.
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George,
Just thought you would like to know the location of Rick's previous post on Legg Mason (LM) :
http://valuediscipline.blogspot.com/2006/10/legg-mason-is-it-time-to-sta...
I too agree that, "Finding companies that can earn substantial profitability behind the protection of a sustainable competitive moat is always the mission." I appreciate that the author shares some of his more intriguing potential bargains. I've heard 3M and Barclay's mentioned by others, but I think this is the first mention of Legg Mason that I have seen recently.