Patent:
Well, you can disagree all you want. We have had this discussion before. If you leave it to each individual person to decide what "value" is, it WILL BE HOPELESS!!
You have your definition, I have mine, Bones has his, and on and on and on. We all think that every stock we own is "value" or we probably wouldn't own it. You have to draw the line somewhere. Send PM's to BW and HW if you want to change the standard. If they decide it could be the ratio of X to Y divided by Z except on Tuesdays when the moon is full, then let them tell me that and it will be written in stone.
As it is, the standard is simple - and any other combination of standards would not only be arbitrary and subjective IMO, but unenforceable. The board would decay, we would have messed with the golden goose once too often, and that would be that!
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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