Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?

To: Michael Cash who wrote (1017)	9/3/1999 3:43:00 PM
From: 16yearcycle	Respond to of 1652

I am very aware of their and his policies. All of us can see that Buffett is taking the VERY long view. Brk has as much as come out and said that it is prepared to wait in cash/bonds for as long as it takes for a big market correction. Last October's 20% correction caused him to do nothing except add a little more American Express. The dow traded down to a pe of 15 on this years earning and what will be 13 on next years, in a 6% long bond environment, and he did almost nothing. The excuse has to be that he was waiting out the grn merger to finalize. It could be a long while before he has another opportunity like that. I am of the opinion that he will only do full buyouts until there is a big correction. This is going to hurt the results tremendously in the short run, which will probably become years, which is ok. What I am having a little trouble understanding is the lack of activity in doing small buy outs, and why they don't buy in stock. There is essentially nothing we can do, I realize, but I was proposing we bounce around some ideas, all of which are bound to be ignored.