No one
buys a Subaru
as a
fashion statement, but this Impreza's new longer, wider and slightly lower body comes across
as edgier and more interesting.
And in the fullness of time,
as we have now come to realize, Toyota stock has gone up a lot from that standpoint, and investors, which properly explains the kind of results we've managed to have in our mutual funds that Consuela referenced, is because a patient investor with the contrarian value mindset I've talked about,
as long
as you're
buying the stocks on sale and not those that are offered on clearance, i.e., which nobody else wants ever — so we don't believe in distressed investing or deep value investing, we're talking about quality companies that are available on sale — you can make what I'm going to call performance
statements in your portfolios,
as opposed to what I'm going to describe what a lot of investors try to make, which is
fashion statements.