I read a few months ago in Old School Investing about ValueVision which was and, I assume, is a value play. But as Mr. Buffett would term it: it's "cigar butt" investing.
On the other hand there are other ways of measuring value and, as such, tend to appreciate and continue doing so longer than people think possible. Today, I am thinking about BeyondCommerce.
While everyone is focused on the new billionaire from Harvard, Mark Zuckerberg, and his social networking site and pouring or investing hundreds of millions into it and like competitors, people are missing the David in all this: BeyondCommerce and its social networking site, Boomj.
It has started from a small base, but actually is focused on making money, not burning it. And the CEO has succesfully started several companies and managed a billion dollar one. While others flock for scraps of success, I'm grabbing hold tight to success.
My only concern is that it will be a ClearWire, which as of yet, hasn't really outperformed or lived up to the expectations of that wonderful CEO, Mr. McGraw. But the idea of bartering and community style businesses intrigue me and may to others as well.
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