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Strategies & Market Trends : Value Investing

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To: Dan Packer who wrote (2942)	1/5/1998 10:57:00 AM
From: jeffbas	of 78748

Buffett does not buy companies he can't understand. Having read all the posts on utilities, I come away with that view on this industry. I do not see anyone with a way to identify winners. Also, I do not see these companies as having great managements, which should be the primary criteria in any investment.

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