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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.88-0.1%Dec 3 4:00 PM EST
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To: freechina who wrote (1498)10/24/2005 4:04:20 AM
From: Seeker of Truth  Read Replies (1) of 218169
 
Hello Frank,
Tobago Jack responded infinitely more entertainingly than I know how to do. I just want to add something about Buffett. Most of his world's most enormous fortune is to be given to his charitable foundation. One of this foundation's high lights is the research for ever cheaper and ever more effective contraceptives. That appeals to me. Hunger every day is so terrible!
Seeker of Truth
P.S. "What makes you believe Jack will be counted etc."
A. He will surely become a tycoon. For example during the tech craze he patiently explained that the very pace of invention tends to undo anybody's monopoly, hence it's an area to stay away from mostly. There was one exception which he and I happened to share views about. It sextupled or octupled, I don't remember which, all in a year or so and we got out, not at the top but near it. Unlike him I had faith in other tech stocks, thus more than cancelling out the spectacular advance in that one stock. Nobody is to be followed like a guru. There is no god. But Tobago Jack has tremendous skills.
As for giving much of it away, he was raised by two altruists and is a thoroughly decent person. Don't worry about that point. He is in the amassing stage now.
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