Warren Buffett 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 : Warren Buffett

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Andrew who wrote (65)	6/25/1997 9:15:00 PM
From: Risberg	of 82

BRK.B closed at $1595 today. I'd like to buy my first 5 shares, but the 45% appreciation since the beginning of the year scares me (and perhaps you). On the other hand, it is up "only" 33% since its opening price of $1200 in May 1996. I intend to hold these shares very long term, with a ten-year minimum, and to continue to purchase about one share/month. Should I just bite the bullet and buy now? Trust my gut that there will be a correction and I can buy at 1500 to save a measly 500 bucks? Or should I take the view that it really won't make much difference since I will always be buying a share per month, thereby smoothing out over the long term the discrepancies between share value and intrinsic value? I am leaning toward buying now, but would appreciate anyone's thoughts. I should add that I am struck by this stock's stability during the two 100-plus point plunges this week. Even if the DOW corrects, will this stock?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next