To: edamo who wrote (140451 ) 8/25/1999 9:02:00 AM From: Yamakita Read Replies (2) | Respond to
Ed, the past has a lot to do with everything. Some people demonstrate a proven ability to innovate, to lead, to prosper. I have been fortunate enough to own Berkshire for many many years, all based on the kind of person Warren Buffett has demonstrated that he is. The past year has been one of the worst ever for Berkshire (relative to the S&P), but I wouldn't think of selling based on what the stock has done over the past year. Long term, I'm interested in what the *company* is doing, as opposed to the stock. And that's why I like Dell so much. Call me naive on that, but much of that comes down to faith. I've also been unfortunate enough to own companies whose leaders talk a fine game, who "play" the Street like a finely tuned violin, and who, it turns out, were losers and liars. Mike Dell isn't one of those.
