Rosemary:
<<<< He's from the old school of investing. Taught many years ago, refined that plan to his specifications and it worked for him.<<<
I picture WB as being a truly great salesman, perhaps from the positive thinking Dale Carnegie era. Supported and buffered by
many rich investors whose assets he protected from the wily ways of the markets during some hard times. Very big on insurance, where you collect the money first and then let the insured person try to collect when fate intervenes. And into bonds to protect the equities. And success always on display thru the stock price of
$25,000. When we "got it made" I think we consider investing there
while taking world cruises or going to the opera.
Meanwhile 34% does not look all that good as a return while trying to build a portfolio.
I have no idea what many thread members do consider a good return.
I have been mostly in Dell and am probably totally 'spoiled' in that regard especially since we are still in a bull market, but at the moment I am up by 70% since Jan 1st, which more than makes up for the losses in October.
So IMO if one plays the right cards in the tech stock field,
and deals in some proven money producing companies along with those
that will profit from the web traffic then more than 100 % return
is achievable. And will probably happen thru Dell alone.
I have tried many times to accumulate some stock other than Dell, like F, or ABT, or WLA, or LU, etc and Dell just blows them away by going up 14 points per week for two weeks in a row or handing out a stock split.
As you noted though, we need a little excitement to go along with it. A place to try out new ideas, like shorting AOL(ggggggg)
Or trying to catch JBIL (my nemesis)on an upswing.
SES
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