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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (6718)	2/15/2000 9:52:00 AM
From: DanZ	Read Replies (1) \| Respond to of 10293

I think that Buffet's style is one of risk aversion. He buys companies that he understands because he perceives them to be less risky. The risk of Internet stocks as measured by beta is also much higher than many of the stocks in his portfolio. If he ever did invest in high beta stocks, I suspect it would be in very small parts so as not to increase the beta of his portfolio beyond what he is comfortable with. There is more than one way to make money in the market, and taking excessive risks to increase returns isn't for everyone. Risk adjusted return is much more important to someone who manages billions of dollars in a long term account than to someone who is tinkering with a few hundred thousand dollars in a trading account.