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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Allan Harris who wrote (9051)	10/2/1999 10:04:00 AM
From: Kirk ©	Respond to of 15132

Then again, I'm only in it (the market), for the money. LOL Allan! You don't like the religious aspect of it, eh? 8) Wall Street Week. Of course, a positive plug on that show is often a near term kiss-of-death as happened to HWP after two of three elves said they liked the stock two weeks ago (musta had all their shares ready to sell to viewers if I think like Justa...), but you have to take notice to what was said Friday. Anyway, last night one of the best VC (venture capital) minds on the planet, Doer, said on WSW that he liked Amazon and Msft. Said that when we look at p/e we are looking at "old news in the rear view mirror" and you need to look at what they will do in a couple of years going forward. IF I was to read his picks and follow your/my strategy of buying great growth companies on dips, then perhaps Amazon and Msft are close to raging buys? (I am not saying I agree, I am just following out logical thinking). Compare Amazon to a railroad. Much money went into laying down track before they were profitable. Today we call it a "sales channel" when speaking of Amazon. Now Amazon needs to just "bolt on" profit centers similar to how a railroad just fills boxcars. I don't own the stock, but the logic seems somewhat valid. Interesting market for sure. I agree in that I am not that excited about getting a 10% discount on colored sugar water or razor blades when technology drives the economies of the world. K

To: Allan Harris who wrote (9051)	10/2/1999 3:10:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 15132

Alan, $10,000 in BRK.a 34 years ago is about $46M today. Both BRCM and INKT could disappear from the face of the NASDAQ in a fraction of that time. Not the most probable scenario, but a definite possibility for any high tech company. In fact it seems that the higher the tech, the more often something comes out of left field and blows it away. just a random thought on a Saturday afternoon. Ian.

To: Allan Harris who wrote (9051)	10/7/1999 10:42:00 PM
From: Lars	Read Replies (2) \| Respond to of 15132

Allan, >>> Why mess with BRK? A DOG for the past 18 months. >>> Precisely for that reason. Market doesn't understand the stock. Excellent company being given away. >>> Which stocks have held up best during this 10% correction? Technology, Internet, Communications. You think Gillette will suddenly outperform Inktomi? Coke will leave Broadcom in the dust? >>> No, not in the next 3 days or 3 months. Talk with me in five or 10 yrs. I hope you make tons of money. The key is you will have to know when to sell the companies to which you refer. G and KO are there for the long haul. >>> It is possible to admire the man and his accomplishments over the past 30 years without buying his stock. >>> You are free to choose. Bottom line: the stock is a raging buy. Period. >>> Then again, I'm only in it (the market), for the money. >>> You are? Ha! Me too. I have enjoyed one helluva run especially since last fall. I had a healthy amount of cash waiting for the right opportunity. I guess I am in it for the money too. Plus, I always have my justabid.com stock to pull me through. Ha! I think the easy money is gone for awhile. I have a target list of specific companies and BRK happens to have gone into a great buying range IMHO. Hopefully, others on the list will too. That is the main reason for my comments. I don't think a person should load up on any one particular stock but I do think a person will do very well with a reasonable portion (5% of portfolio) in BRK.