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To: Voltaire who wrote (54982)	12/18/1999 11:42:00 PM
From: 16yearcycle	Respond to of 152472

V, What I don't understand is why is there no comment on the news tonight about WEB recommending reits? What's with that? Was this a private deal or what? ;>) PS do you feel sorry for the folks just dropping in?

To: Voltaire who wrote (54982)	12/19/1999 3:44:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

For those like me who don't know what 'REITs' are, I did a Web search and came up with, among others: realtytimes.com Real Estate Investment Trusts! Has anyone noticed how already, people ask for a url to confirm something they are told by a pixelated person and people get nervous if they can't remember their Web source? The Web affirms our sense of reality, pats us on the head and sends us on our way with the 'real oil'. We happily stick close to it and ask it the answer to everything and it seems easier than bothering to remember the answer ourselves. It already seems very normal to have the Web clipped onto the side of our heads like a big, fast, accurate, memory bank. Buffett is not inclined to invest in technology, so maybe the above url explains why he likes REITs. IT [TM] doesn't figure in the REIT industry. They would have zero concept of The New Paradigm. They would consider IT [TM] and US [TM], {Itus [TM] as the short version}, to be pure science fiction. I guess owning a house is like owning a REIT but cutting out the middle-man, yes? Mqurice An Itus [TM] fan club member.

To: Voltaire who wrote (54982)	12/19/1999 7:21:00 AM
From: Drake	Read Replies (1) \| Respond to of 152472

Voltageman, I'm getting PMd asking if you are serious about leaving Q -- in the future, you'll have to use something 'even more ridiculous' than REITs in order to make us laugh (the fact that your story involved the Big Buff caused 'more than a little concern'). zap, zap, zap, dc

To: Voltaire who wrote (54982)	12/19/1999 8:18:00 AM
From: Jill	Respond to of 152472

I been missin' those rants, Voltage Man. That was great, weak catsup and emus and all. Jill

To: Voltaire who wrote (54982)	12/19/1999 8:50:00 AM
From: pfierb	Respond to of 152472

Voltaire.Still laughing about the guy with tears rolling down his jowls,as he bid on the Holy Grail.So you are really going to sell Q? naw,but for the wallet I would sell Q,one share after it splits and send it to the guy from Detroit.Funny stuff don't stop. Regards pfierb

To: Voltaire who wrote (54982)	12/19/1999 9:16:00 AM
From: Jim Willie CB	Respond to of 152472

REITs: none of the advantages, but with some disadvantages just kidding... BuffMan has some insight here... we cannot crucify all his ideas just because he is clueless on technology... I cannot figure out why MS Gates hasnt taught Buff at least something my view of the large financial picture leads me to conclude that assets first to appreciate and continue are stocks... they are linked at the hip to upsurges in companies' growth second (but seriously delayed) is real estate, starting with resort and vacation property (beach homes, mountain cottages)... a clear 15-17 year cycle is evident in real estate, with the worst swings falling upon resort/vacation property... after several $trillion build into the stock market, the money "finds its way" into more tangible asset forms which enable Rest & Relaxation... then money surges into the RE mainstream... all the while, on a near separate plane, commercial property ebbs and flows with the economy largely, dependent upon the crucial sectors for each city the USA economy is due for another real estate peak in 2002-2004 the last peak was just about when I purchase marital property in 1987 I used to own real estate properties you make money in four ways: rent profit, tax deductions, property appreciation, and payment to principal you lose in many ways: - brutal leveraged paper losses in downturns (in two years my equity in marital property disappeared in 1990) - severe loss of time if you repair, maintain, and enhance yourself (as I did, since love carpentry -- certainly avoidable) - nightmarish experiences can happen if and when situations happen like failed septic systems (as it did once with me) - nightmarish tenants can bring new meaning to hell, as they become unemployed, lose their minds (had one guy run naked into the woods, ending up in rubber room van, never to return or pay rent), slowly destroy the place (usually associated with drinking binges), make delusional claims about lead paint and withhold rent during litigation (happened to a friend), force their own agendas on the landlord with redesigned walls/ other structures /removed trees, or force inventive uses of their security deposits in their final month while giving notice no thanks on either real estate or REITs I believe technology will sharply outperform REITs in the next few years, but real estate will have its day in the 2002-2004 timeframe... tangible real estate accumulation on a minor scale is worthwhile now in my opinion with extra discretionary money I am thinking about a condo with tennis/swimming somewhere in Florida's north gulf coast that would be a stone's throw to Gregg Powers and Drake just some serious non-mock thoughts I can be serious, you know? / Jimmy Buffet

To: Voltaire who wrote (54982)	12/19/1999 11:39:00 AM
From: PAL	Respond to of 152472

Voltaire: You brighten my day with laughter. Especially cranking that Yugo. I think it was Jay Leno who said about Yugo: "If you drive a Yugo, and you brake, Yu Go to the windshield..." and remember LeCar? "The first thing to go is LeBrake, and then LeTransmisiong and followed by LeEngine ..." Paul

To: Voltaire who wrote (54982)	12/19/1999 1:34:00 PM
From: Valueman	Read Replies (2) \| Respond to of 152472

Hotaire: So now your mineral laden egotistical ass takes a jab at my hometown and the world's most successful investor. By "Bell Curve Buffett Buffoons", I assume you mean the thousands of millionaires in Omaha who were made by Berkshire Hathaway. I guess those are the same hayseeds you reference, people richer than you could ever imagine. I can find a number of them on the Fortune 400 list, but you are hauntingly absent. Perhaps people here have forgotten your awesome call on QCOM management--if so, I'll remind them--"Management has shit for brains." Remember that? I do. I bet some of the other "devoted simpletons" driving their pickup trucks also remember that. When you surpass that "senile bastard" in wealth, let me know. I might actually believe the trash you spew.