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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: The Phoenix who wrote (18104)10/12/1998 12:50:00 AM
From: joe  Read Replies (2) of 77400
 


>>Anyway, Buffet is not the only right may on earth. He is a very smart guy, but he'll tell you - he hasn't a clue about technology and doesn't invest in it.<<

One reason I don't think Buffet would invest in technology is
because it's too hard to calculate accurate future earnings
forecasts. Also, like you said he doesn't know or feel comfortable with tech.

But a lot of us:

a) Have a tech related degrees.

b) Are willing to take on more risk than the safer
Buffet investments. We take the risks because we believe
in the products very strongly. So far in the last 6-7 years
the strategy has been working pretty well with CSCO, MSFT,
etc.. and it hasn't been just stock prices going up rapidly,
but profits by these companies are consistenly very high.

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