David Price Newsbeat
Monday, August 04, 2014
Mike Francesa hasn’t heard of Warren Buffett either.
The perception that the Rays received a paltry haul is based on the precedent set by the 2012 deal in which they acquired Wil Myers, Jake Odorizzi, Mike Montgomery and Patrick Leonard from the Royals. We are now two years down the road, and prospects are overvalued by the industry.
My grandfather remembers when he could buy a bottle of Pepsi for a nickel. He’s still pissed off about the price hike. Regardless of how he feels about it, when he walks into a 7-Eleven, he will leave thirsty if he’s not willing to pony up a buck fifty. When he does crack, everyone his age points and yells “How could you spend six quarters on soda!”
Now, back to the future. ...
Let’s step back from baseball for a moment. When elite companies - like Apple or Annie’s Natural Foods - release less than stellar earnings reports or unsavory news, as investors, we have a choice. We can panic and sell our positions at a loss or we can examine why the landscape seems less fruitful than before. Stepping back from the ledge, we should trust the history of the company and remember why we invested in the first place. Sometimes, taking a small step back is needed for bigger steps forward.
Historically, exceptional companies are built by the actions of stellar executives and employees. We learn to trust them based on their body of work. We aren’t necessarily privy to their proprietary information, but we know their job is to be smarter than us when it comes to their strategies. I’m not advocating blind faith. We should always question and challenge the process. However, I am suggesting that we display some level of confidence in the men and women steering the ship if they’ve continually given us reason to. ...
As an investor, blind faith is never worthy of applause, but paying attention to the companies Warren Buffett is buying and selling is an exercise with merit. When he makes a move that doesn’t immediately hit home, I don’t throw my hands up in frustration, I lean in and pay attention.
I haven’t seen Willy Adames play yet, but I just bought a bunch of shares.
Saturday, July 26, 2014
Price won his sixth start in a row, Evan Longoria hit a three-run double, and the Rays earned their eighth straight victory by beating the Boston Red Sox 6-4 on Friday night.
‘‘A little bit of the swagger is back,’’ Tampa Bay manager Joe Maddon said.
59 games left, 40-19 gets them to 90 wins. It could happen. Hopefully they have some more games with the Red Sox on the schedule.
Wednesday, June 25, 2014
“I mean, obviously I think about it,” Price told reporters on Tuesday. “That’s why I’ve been in a bad mood the last week and a half. I think about it. You guys know that. And it’s nothing I really want to talk about.
“I don’t have an answer for you guys. I don’t know where I’m going. I don’t know when I’m going. So there’s nothing I can really comment on.”
So much for standard cliches about not letting it affect him.
for his generous support.
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