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Politics : Ask Michael Burke
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To: BGR who wrote (68710)10/7/1999 1:06:00 AM
From: Simba  Read Replies (1) of 132070
 
BGR:

Not to get personal, but surely you must be kidding if you think you are outperforming Mr. Buffet by your holding a collection of inflated stocks from this Jan. Maybe this year, but long-term ?

As to Coke having high PE, it has been lately, but the pertinent question to ask is "Did Buffet who is considered a quintessential value investor buy Coke at bargain prices many years back or like you has he been gulping it down at the high of 90 last year similar to your buying of high PE stocks this January?" I think the answer is obvious. In fact some people have even recently suggested that he could have lightened the inflated Coke stock, but being a Buy-and-Hold investor he probably refrained leading to a poor performance of BRK this year, but you can bet his cost basis is so low that he is not bothered.

Simba
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