Berkshire Hathaway Class B Message Board

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Non-Tech : Berkshire Hathaway Class B

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To: 16yearcycle who wrote (426)	1/8/1999 12:40:00 AM
From: Fredman	Read Replies (1) of 1652

I agree with your last sentence. You know me: take my favorite sector: OILS. Nobody was buying because the price of oil is at a 25 year low, so i do. And i sit. and wait. and wait. and wait. pretty soon, Oil prices are heading back up, and so is the value of my Oil portfolio. But in the meantime, i sit, and wait, and wait, and wait some more, while the YHOO's of the world rollercoaster up and down and up some more. So do i tie up cash in a long-term yet flat investment i KNOW will be back ? , or do i jump on a rollercoaster and HOPE i get on 'at the right time' and jump out 'at the right time' ??. Well, knowing how my timing SUCKS lately, i am just sitting back on my slow but sure Oil Investments...

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