Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.600

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2:45 PM EST

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To: Kevin Podsiadlik who wrote (6728)	2/15/2000 11:28:00 PM
From: Mark Marcellus	of 10293

That's well and good, but as you say later, few of us are Buffett. I know I'm not. And as such, what may be good investments for Buffett may not be good investments for Kevin Podsiadlik. I think that sentence sums up what the Cramer article means to me far more than anything else your or JY have come up with. I believe Buffett agrees with you here: Intelligent investing is not complex, though that is far from saying that it is easy. What an investor needs is the ability to correctly evaluate selected businesses. Note that word "selected": You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital. berkshirehathaway.com

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