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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (2626)2/6/2000 3:37:00 PM
From: yard_man  Respond to of 3543
 
qdft
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To: bobby beara who wrote (2626)2/6/2000 4:41:00 PM
From: Dale Baker  Read Replies (2) | Respond to of 3543
 
If cokes, burgers and razors are the real economy and everything else is an illusion, why don't you hold a ton of BRKB? Warren will be very disappointed.

Maybe because growth is seriously limited and they are a lousy investment. Hmmmmmmmmmm. They are all very low-margin products with relatively low barriers to entry apart from multi-billion dollar brand name development that sucks out capital (kinda like AMZN - gggg).

I hope your day to day hit and run trading luck holds out. Some folks produce incredible returns that way. Others get toasted. My first reaction to your 12% daily return is that you either have a small amount of money on the table, or you are taking large chances on short-term price movements.

I am an old-fashioned guy that likes to hold 40-50 stocks and trade around a few positions too.

Who woulda thought I had a more conservative approach?

It's been fun, as always.