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To: The Phoenix who wrote (22092)5/5/2000 4:17:00 PM
From: DBrian  Read Replies (1) | Respond to of 25814
 
Man this stock is becoming a real turd. Whats the problem here? DB



To: The Phoenix who wrote (22092)5/5/2000 4:40:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
I have never been enamored by Buffet - never. He's a great value investor.

This is a misconception. There are growth investors and there are value investors. Of the two, value investors, in general, tend to hold their stocks longer than the growth investors. Growth investors have to be nimble and have to get in and get out before the growth fizzles out. That is why you see growth mutual funds having a much higher portfolio turnover than value funds. So, growth investors have a time horizon that is much shorter. But is it possible to be a growth investor and also a long-term investor? Maybe, but it is rare. Buffett is one of those rare instances of a successful long-term growth investor.

My point...which you appear to agree with is that looking at personal income as a barometer for valuations is not even a weak link.

No, I would say it is much stronger than you think it is. Just take a look at the companies with the highest revenues today, regardless of whether they are tech companies or auto companies or whatever. They are all household names because their products and services are used by those households.