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Strategies & Market Trends : Buffettology

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To: Robert Douglas who wrote (251)8/21/1998 1:04:00 PM
From: Robert Douglas  Read Replies (2) of 4691
 
When I think of Warren Buffett and why he has been so successful, I don't think of a particular type of stock that meets the criteria set out in book about his life. That would be like analyzing the Sistine Chapel with a spectrograph and a software program on painting techniques. Mr. Buffett's work is art and not science. When I try to emulate him, I do so in ways that make sense to me. For example, heeding his admonition to stay within your circle of expertise or buying a piece of a business. This is my take on Buffett and not some rigid rules on return on equity. You would certainly have a hard time explaining his investments in zero coupons and silver by the formula found in a book.

I'm new to this thread, and don't want to be an obnoxious guest, but I would love to see some new ideas on investments that are simple and easy to understand. Buffett type ideas, you know, they just make good old-fashioned sense.

-Robert

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