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Strategies & Market Trends : Buffettology
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To: Paul Senior who wrote (2981)1/29/2002 5:17:32 PM
From: Jurgis Bekepuris  Read Replies (1) of 4691
 
Paul,

I totally disagree with your strategy. The biggest question is: when to sell?

You may answer that Buffett says: "Never".

Yet he sold. He sold Wells Fargo, Disney, and Dun and
Bradstreet. Would you follow him? If so, how? How would
you know when he sells? What would you do if he
sells part of his position? What would you do if
stock goes lower but he does not add? What would
you do if he does add?

Second argument: the strategy may have performed quite well
some time ago, but then you could have bought BRK
and done better. It is not clear that this approach
will work going forward, since Buffett is not buying
much, there is a lot of Geico "not Buffett" buying for
BRK, and Buffett is mostly buying whole companies.
The investments may become quite small percentage of
BRK. What would you do?

Finally, I would not use a mechanical
approach - even such as buying Buffett's buys.

Jurgis - not for me
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