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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (552512)	3/1/2010 3:07:19 PM
From: tejek	of 1575712

Some highlights from Warren Buffet's shareholder letter.....I really like his droll Midwestern humor: "Our defense has been better than our offense, and that's likely to continue." "Charlie and I enjoy issuing Berkshire stock about as much as we relish prepping for a colonoscopy." "All I want to know is where I'm going to die, so I'll never go there." "Its managers -- fine people and able bankers -- not unexpectedly began to behave like teenage boys who had just discovered girls." "Sing a country song in reverse, and you will quickly recover your car, house and wife." "When it's raining gold, reach for a bucket, not a thimble." "Too big to fail is not a fallback position at Berkshire." "An old Wall Street joke gets close to our experience: Customer: Thanks for putting me in XYZ stock at 5. I hear it's up to 18. Broker: Yes, and that's just the beginning. In fact, the company is doing so well now, that it's an even better buy at 18 than it was when you made your purchase. Customer: Damn, I knew I should have waited." "Are we supposed to applaud because the dog that fouls our lawn is a Chihuahua rather than a Saint Bernard?" The subtle postscript: "Come by rail." online.wsj.com

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