>>this is the way Mr. X sees it. Wobo - as they called him on the trading floor at Solly back when he neutered Maughna and ran things for a spell, is over the hill. Mr. Pink, is hip and with it, in tune with the markets today.<<
Mr X -
You call it over the hill, I call it wisdom. This isn't a baseball game, so youth is not an advantage. Experience is.
You bet your way, and I'll bet mine, and we'll see who does better. BTW, I don't have any CNC, but I do have some Berkshire Hathaway.
It's really not a question of whether one person is more "in tune" with the markets than the other anyway. Pinky is not an investor, he's a trader. His outlook is short term.
Buffett's view is long term. He's been hanging back the last couple of years, sitting on a mountain of cash, just waiting for some good opportunities to present themselves. Now that he's made some good buys, he's happy to wait for many years to reap the rewards.
Really, it's an apples and oranges comparison. The two people aren't really playing the same game.
But speaking of Pinky, there's some question on this thread about whether he is currently short CNC. The last post I've seen quoted from him just indicates that he covered at a loss. Do you have information to indicate that he's gone short again?
- Allen |
