Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Harry Landsiedel who wrote (102421)	4/17/2000 1:29:00 PM
From: Jacques Newey	Read Replies (1) of 186894

Harry, OT Re:"They are excellent and worth reading." "Let me know if you are interested." I am interested. Where can I get my hands on a copy? I will be in the States in a few weeks and could pick it up then. I am sure it will be fine addition to my library. "may have been a good trade off when Intel was in the 130's" I wasn't that good with my timing. Sold at less:(. But still made a very tidy profit, even after Uncle Sam. "My problem with BRK is that most of the business is insurance which I don't understand." Maybe not, but WEB sure understands. The key principle as I understand it with insurance companies is "float". Float is what WEB loves about insurance co.s (good ones). Float is like borrowing money with no (or very low) interest. Good insurance companies have a very low cost of float. The insurance companies that BRK owns (GEICO for one) have historically all had very low cost of float. Last year was one of the worst in history for GenRE which BRK now owns. Their cost of float was just over 5%. Not too shabby for their worst year in history! That should make margin traders jealous. With BRK you have WEB investing that float in companies that he believes are under valued. And does he know how to pick them. In summary.. you have BRK with $30 billion cash in the bank...insurance coming off one of the worst down cycles in history (cost of float will drop amount of float will increase). Combine that with further market corrections in the coming months\years and WEB's proven ability to pick great companies at great prices and you have the perfect environment (IMO) for significant capital appreciation in the next 10 years. Sorry for the rant. "But he goes into it in some detail in this year's letter and I will study it." Good idea. Best to hear it from the man himself.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next