Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: MAELING who wrote (16845)	8/9/2002 11:46:23 AM
From: MAELING	Read Replies (1) of 18998

And torq - you surely understand that Mr. Buffett's company is the most highly leveraged outfit in this universe. That $37 billion he has to spend is premium money from insurance. To buy pipelines, etc. he has to SELL bonds. He doesn't keep the cash in a vault like Scrooge McDuck. He calls himself the 'Fort Knox of Capital', bragging about his liquidity, then has to sell something to get the cash. By your logic, it wouldn't make sense. But it does. Cheers

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