Raymond, come off it already. Actually, Buffett buys a lot of companies just like THQI...well run companies that build consumer franchises. Ever heard of Flight Safety? Borsheims?
The chief of his gains came from larger companies whose stocks had been beaten down. For example, this is from the 1998 annual report:
*Investments in excess of 5% of the investees outstanding capital stock at the end of 1998 include approximately 11% of the outstanding capital stock of American Express Company, approximately 8% of the capital stock of The Coca-Cola Company, approximately 9% of the capital stock of Federal Home Loan Mortgage Corporation ("Freddie Mac"), approximately 81/2% of the capital stock of The Gillette Company, and approximately 17% of the capital stock of The Washington Post Company. Much information about these
publicly-owned companies is available, including information released from time to time by the companies themselves.*
Another thing God gave you is a lot of time to spend writing dissertations on the flaws in arguments of everyone on this message board.
Not quite. I won't be posting here in 1 week, I can assure you. I've spent 2 days here and I probably will only spend 2 more.
If you don't own any stock, why the desire to spend so much time on this board all of a sudden? Yes, I know, you've posted before, but why the sudden mass of text?
A. Axe to grind
B. Trying to talk the stock down
C. Trying to educate all of us neophytes on the board, out of the goodness of your heart.
In all honesty, I don't think you have any right to question my intentions here. I have a lot of buddies on SI and MF that I've known for at least 3 years now. When I chose to stop posting, some asked I periodically post how the chart is shaping up as it is usually not widely mentioned.
Invariably, when someone posts a non-bullish piece on any message board, (s)he is asking for attacks and hate mail (I've already received my share). I just happen to defend my position. No one has any right to degrade others.
Conservatively Yours,
Raymond J. Norris |
