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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (71425)	12/3/1999 6:02:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 132070

Ike, the final low in the Dow could be below 2,000....don't forget, once a really tough bear begins, there are billions and billions in mutual funds awaiting liquidation... just gloomin' and doomin' a bit...we all know stocks NEVER go down, right? <ggg>

To: re3 who wrote (71425)	12/3/1999 6:03:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Ike, The problem is, once it starts going down, there is no limit to the downside, other than zero. It will be the inverse of the upside mania. True bi-polar syndrome.

To: re3 who wrote (71425)	12/5/1999 10:30:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Ike, I read the Forbes article about Berkshire Hathaway by Martin Sosnoff. I'll keep it mild. He obviously doesn't understand what's going on at Geico. He obviously doesn't understand WEB's investment philosophy and why it has worked so well when he brings up the missed opportunities in technology. He obviously doesn't understand that cyclical downturns in cyclical industries present opportunities for someone with a investment time horizon of more than a few hours and have nothing to do with business value as WEB calculates it. He obviously doesn't understand the thought process required when valuing companies like KO and G when he brings up this year's earnings. I've owned BRK since 1988. Over 12 years there were only a few occasions when I thought it was attractively priced. Now is one of them. It's not a steal mind you, but it is attractive. A big stock market meltdown will only enhance the value long term as WEB reallocates his enormous bond portfolio. forbes.com Wayne