All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Cynic 2005 who wrote ()	4/30/2000 3:51:00 PM
From: Just_Observing	Read Replies (1) of 42523

Buffet on the US Stock Market ``We would like to buy businesses,'' Buffett told a packed crowd of investors at the Omaha Civic Center. ``We do not think equities are going to be very exciting for the next 10 years.'' `Monetize Shareholder Ignorance' Buffett, who shuns technology shares, marvelled that Internet companies that couldn't borrow $100 million as private companies have market caps of more than $10 billion through initial public offerings. ``The ability to monetize shareholder ignorance has probably never been exceeded,'' said Buffett. ``It's as extreme as anything that happened in the 1920s. It's precautionary to us.'' quote.bloomberg.com

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