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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (14129)	1/4/2000 11:45:00 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Berkshire Hathaway From the authors' Acknowledgements: "Books that contributed significantly to our thinking include ... [8 books] ... and all the great stuff written by Warren Buffet." --Mike Buckley

To: Didi who wrote (14129)	1/5/2000 3:09:00 AM
From: tekboy	Respond to of 54805

thanks, di! My reasoning on the Berkshire was the following: First, from all the Buffett stuff I've been reading recently, he seems like a real class act, and one savvy sonofagun to boot. Just the kind of company an investor wants to keep. Second, 1999 was an awful year for Berkshire, meaning that the shares are now very attractively priced. (According to Barron's, Buffett himself thinks they're at about a 38% discount to their actual value, and he might be engaged in a substantial buy-back right now.) Since Berkshire almost never has multiple bad years in a row, moreover, this coming one should be much better, providing a nice rebound. Third, I figure that there are two possibilities: either we're right about our tech gorillas, or we're not. If the former, then I'll be so insanely rich I won't care about having bought some BRK. If we're not, then BRK should provide at least some hedge, being about as countercyclical to overpriced-neweconomy-tech stocks as you can get. tekboy/Ares@franchise=gorilla.com