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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Chisholm who wrote (2124)	2/15/2000 1:40:00 PM
From: Freedom Fighter	Respond to of 4691

Daniel, I think that was mostly a "cover your ass" comment that is typical of an offering of that type. I remember at the time thinking the stock was reasonably valued. Look closely. He didn't say overvalued. He said NOT UNDERVALUED. Wayne

To: Daniel Chisholm who wrote (2124)	2/15/2000 1:50:00 PM
From: cfimx	Read Replies (1) \| Respond to of 4691

Notice the key phrase "NOT" undervalued. That is not the same as "overvalued" Most people feel that they believe it was FAIRLY valued at the time. They have been asked about this and point to the clever phrasing. They might not buy it because it was fairly valued and they knew of securities which were UNDERvalued. Plus, they each have a "full" position. <G> What has happened since? They bought ALL of Geico. Geico has been on Tear. They bought Excecutive Jet. They bought Dairy Queen, and I think they may have bought Flight Safety too. And of course they have Gen Reinsurance now. And they are buying MidAmerica. I think Interest rates were HIGHER then too. A lowering of rates raises the IV of the investment. PS: would you be of a mind to email this PDF to me? <g>