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Non-Tech : Berkshire Hathaway Class B

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To: Yamakita who wrote (846)7/17/1999 12:21:00 AM
From: jhg_in_kc  Read Replies (1) of 1652
 
you must be a fool. have you ever lived through a BIg Crash? they are no fun, I assure you. How would you like 18% prime rate and a stock market that goes down for 7 years and erases 50% of the invested capital in the United States. we have a generation of fucked up kids just now coming of age who were born in the 70s, the time of the Nixon Crash. they are not called generation x for nothing.
economic depressions are social evils to be avoided. it is a shame that warren buffett made his money then. let him use his ingenuity to make money in these times rather than just buying distressed merchandise.
jhg
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