Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: MeDroogies who wrote (2833)	4/5/2001 7:50:45 PM
From: Marq Spencer	Read Replies (1) of 74559

MeDroogies, I don't see that Warren Buffett is a guide to all that is right and proper in investing behavior. Certainly, he has a steady hand and a good track record, but that doesn't make him flawless MeDroogies, "good track record" !!! Here's a guy who has averaged 23.6% annual gains for the last 36 years (compared to 11.8% of the S&P500) - that's an awesome and unmatched track record. $10K invested in Berkshire Hathaway at the start would be worth over $20 million today (as opposed to $500K in the S&P). He may not be flawless, but he is a guide to what is right and proper in investing. The fact that he's upfront about his mistakes, that he recognizes them and cuts his losses, that he invests with conviction when he finds something that he believes is right, are all the right ways to invest. - Marq.

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