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To: 16yearcycle who wrote (94487)2/23/2000 10:38:00 AM
From: Randy Ellingson  Respond to of 164684
 
Buffett could have capitalized on this tech frenzy but thinks that over many decades, his decision to not participate will work out.

I think to a large extent this decision has already worked out. How does his annualized return compare to the S&P500 by now? Still way ahead I'd guess.

Howevere, if we see Berkshire buy some Yahoo shares, that would lend an unexpected vote of validity to the "new economy".

Randy


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