How to best deal with KOOKS at this web site Message Board

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Pastimes : How to best deal with KOOKS at this web site

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To: Teri Skogerboe who wrote (1131)	8/13/1997 12:51:00 PM
From: Gottfried	of 1894

Teri, >From what I've read about [Warren Buffet], he focuses on "his companies" and leaves all those other worries to someone else. And we can tell IT'S WORKING. Whew! Of this, I'm very happy!< This is a good attitude for long term investors. I especially like that it requires you to be right much less often (compared to trading). I've done a little trading, holding a long position for only a few weeks, but am pretty nervous about it. But to those that can handle it - good luck! Here's something to think about: company XYZ increases sales and profits - that's good. The customers who bought the additional merchandise got the money by getting a wage hike - bad. Or they financed the purchases by using their credit cards - bad. Are we just a little inconsistent in judging economic events? We love higher sales and profits, but decry any methods for the consumer to increase her purchasing power. I'm kind of glad I never took a lot of economics courses in college. There's less to unlearn.<G> GM

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