Marc:
Re Warren Buffet and a possible scenario:
a) The world economy will get a vicious bout of deflation some time soon - possibly with the Nihon Inc providing the impetus
b) everybody will try to get out of stocks and bonds, but the gold price will get down as well, due to central banks, dumping their bullion
c) the chosen few will sit out the Titanic night in the boats made of Ag, Ti, W, Mn, oil, (you name it, ask Jim Rogers for a short list)
d) when the bird comes back to the boat with the olive twig and the message that there's dry land to see and that Dow hit 4000, you come back and
e) buy the rest of KO, AmEx etc (also GE, if "the price is right")
I have realized long time ago, Im at my best when between "scared shitless" and "visibly nervous".
For more thought materials the mail from the great chairman Woh-Ren:
berkshirehathaway.com
unfortunately the last one is from 1996. Actually for decades just the numbers were changing. It's great reading in any case.
Regards everybody and please take me with a "grain of silver" ;)
Janko |
