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Politics : Ask Michael Burke
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To: yard_man who wrote (87681)12/30/2000 10:26:29 AM
From: Freedom Fighter  Read Replies (2) of 132070
 
TIA,

I understand Warren's thinking fairly well.

I think within any group that washes out you can usually find something good. Investors tend to throw everything out the window.

I read that some of the junk he is picking up is selling for .60 on a dollar, but that in a bankruptcy you could recover .80. So there's almost no downside and a lot of upside.

I think he is isolating some very special situations, but I can't vouch for the details above.

Wayne
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