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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (3993)5/5/1998 12:03:00 PM
From: Wright Sullivan  Read Replies (1) of 78476
 
Paul: Regarding CHKPF, the following Buffettism from the just-completed annual meeting is very funny and more than a little bit true:

Asked by a shareholder why Berkshire has chosen to forgo any significant investments in the high-tech segment, the 67 year-old investor again explained that he's disinclined to invest in sectors he doesn't feel he can properly evaluate. Later, he cheerfully closed a discussion of how he thought business schools should teach the principles of valuing companies with a telling example: "I would say for a final exam, here's the stock of any Internet company, what's it worth? And anybody who gave an answer, flunks."

(as reported by SmartMoney Interactive)

Kind regards,
Wright
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