Investing in individual bonds?

[Charlie]

Tybee,

Value investor, Marty Whitman, made the same point in his book about fear and opportunity. "If there's not something wrong with it, it's not worth buying." Said another way, investing is as much about psychology as accounting. The truly fearless blow up their account in short order. The overly-timid never reach even reasonable goals for always being afraid to act.

"Balance. It's all about balance", as Mr. Miyagi would say.

Poke around in the bond market. Even now there are opportunities whose risks can be mitigated by backing away from the truly questionable stuff and by not over-betting one's hand on what does decide to buy.

Charlie

[GeorgeParker]

Value investor, Marty Whitman, made the same point in his book about fear and opportunity. "If there's not something wrong with it, it's not worth buying."

That sounds similar to the stock-buying theory that the best companies to buy are the ones that have bad public relations. If they collect garbage, run landfills, handle toxic waste, or do something else repulsive they're worth looking at because their unsavory public image is probably keeping mainstreet investors away from them and keeping their PE low.

But as with any theory, you have to do your due diligence to separate the unworthy companies from those that are merely unloved.