{"id":81,"date":"2009-02-05T01:13:00","date_gmt":"2009-02-05T06:13:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=81"},"modified":"2018-08-23T14:17:09","modified_gmt":"2018-08-23T18:17:09","slug":"not-for-the-first-time-buffett-and-i-agree","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/02\/05\/not-for-the-first-time-buffett-and-i-agree\/","title":{"rendered":"Not for the first time Buffett and I agree"},"content":{"rendered":"

Yes, I know…no blog postings for 5 days and then POW, 5 in a row. Sorry folks, but good stuff is afoot. Fortune is running a story that can be found at http:\/\/money.cnn.com\/2009\/02\/04\/magazines\/fortune\/buffett_metric.fortune\/index.htm<\/a> that is saying that a metric of Warren Buffett’s<\/span> is suggesting it is time to buy U.S. equities. Well, duh! Your’s<\/span> truly has been saying that now for three weeks. Frankly, this is one of the best opportunities to buy equities since I have been an adult, lo these many years.<\/span><\/p>\n

So what the heck is Buffett’s<\/span> metric, Voss<\/span>? When the total market value of U.S. stocks is less than 70-80% of the Gross National Product (i.e. GNP) then it is time to buy. This is really a very macro way of calculating the old tried and true value investor metric of buying a stock when its price is trading at 70-80% of its book value. Now the accountants among you will quibble with me and say that GNP is a flow, whereas book value is a business’s net worth. Aw shucks, you got me. However, the idea is trying to capture the same essence.<\/span><\/p>\n

The point is that I am not the only sane one out there who recognizes a bargain. Of course, WB<\/span> was on record in October as saying that he was buying U.S. equities for the first time in many years, whereas I was not on record until January. However, if you had bought when Buffett<\/span> bought then you would have suffered the absolutely crushing declines that we saw in November. Those losses were over 20% – yikes! So I am happy to say that your humble little blog writer of limited renown would have made you more money than WB<\/span>.<\/span><\/p>\n

[Shameless plug: Pass on the URL for the blog – this really is<\/em> good stuff. The address is of course easy to remember: http:\/\/jasonapollovoss.blogspot.com\/<\/a> A little growth in the readership would be welcome. Also, I know that some of you have asked me how you can become a follower. The answer is that you have to either have a “gmail<\/span>” e-mail account, or else start your own blog on “blogger.” I wish that it were easier than that. Followers get an automatic notification of when a posting has been made. Thanks for indulging that interlude.]<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Yes, I know…no blog postings for 5 days and then POW, 5 in a row. Sorry folks, but good stuff is afoot. Fortune is running a story that can be found at http:\/\/money.cnn.com\/2009\/02\/04\/magazines\/fortune\/buffett_metric.fortune\/index.htm that is saying that a metric of Warren Buffett’s is suggesting it is time to buy U.S. equities. Well, duh! Your’s truly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-81","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/81","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=81"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/81\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=81"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=81"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}