beats the hell out of me. WEB said about Oil (gasoline): 'If it doesn't have brand name recognition (like Coke, Gillette, etc.) - something to make me want to buy a specific BRAND name, then i am probably not interested. gas is gas and i buy what is there, i don't go out of my way to buy a certain brand of gas'. Or words to that effect. Problem is, i know a lot of people that DO go out of their way to buy a specific brand, like Amoco. WEB may be a wizard, and he might be a genius, but he is also not the only one, others are there too, going about it in different ways. The only reason BH is so expensive is because they have never had a split. WEB wanted to keep out the trading riff-raff, and i don't blame him a bit. Also, keep in mind there is nothing to prevent BH from crashing. It's happened to others also. remember JDAVID ? and that long-term capital whatever the hell it was company WEB is/was trying to buy out recently ?
He buys a company to sit on, I buy into a company to make 15%+, and when i do that, i am out of it.
I don't have a problem with the way he does things or the way i do things...... and i know i will never be as rich as him. But i figure if i can invest 10,000 in something, and get 11,500 or 12,000 for it in a few days, i am happy. do it enough times and i am real happy. i AM real happy these days. |
