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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Harry Landsiedel who wrote (102375)	4/15/2000 5:09:00 PM
From: Jacques Newey	Read Replies (2) \| Respond to of 186894

Harry, OT Re:"I never buy what I don't understand" and in your earlier post... "the best businesses to buy are those where the market value is significantly below the business value (the margin of safety)." You're starting to sound a lot like the Oracle of Omaha!Speaking of margin of safety, did you notice that BRK had recently tested 52 week lows (down 45%)? As a long time admirer of Buffett, I took the opportunity to pick up some BRK shares with some INTC profits. When Buffett implicitly offered to buy back shares in his annual letter, I jumped at the chance to buy more at "his price"! The stock has come up nicely since my purchases. And I believe there still appears to be a significant margin of safety at current prices. Buffett has over $30 Bn of cash in his coffers right now and he's waiting very patiently to snatch up lots of dollar bills for $0.50 after "the carnage". I hereby predict that value investing, by Graham's definition the only form of investing, will come back into "vogue". But come to think about it, no it won't. It's too simple. One of my friends recently returned my copy of "The Intelligent Investor" which he had borrowed. He had kept it for over a year. When I asked him what he thought of the book he replied: "I never found time to read it". Over this period he regularly bought over priced dot.bomb companies, many of which never turned a dime in profits. He also bought some decent companies like INTC, MSFT and CSCO, but he paid too much. I am sure many of his "picks" have recently suffered precipitous share price declines. Oh well, "you can lead a horse to water...". I am going the take the time to re-read Graham's book for the umpteenth time. I always learn something new from it. Reinforcing my roots in value investing seems appropriate in these turbulent times. All the best and thanks for your consistently excellent posts. Still long INTC but a little bit lighter than before.