Re: Does anyone think Buffett has put large amounts of NEW money into MSFT, KO, DIS, LU, Yahoo, OnSale, etc. at these high valuations?
You are right on, Kirk. One can only shake their head at the levels of some of these stocks. More importantly, as I recall it, Mr. Buffett does not invest in technology companies such as MSFT or LU or even Yahoo. Apparently, he does not invest in any industry he DOES NOT UNDERSTAND. Since Mr. Buffett's investing success is extraordinary, I would say this is a good policy. Given the frothy levels of the market, and the tulip-mania of some stocks, I think more people should adopt such a philosophy, don't you?
Regards...Bill S |
