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To: nihil who wrote (6185)9/24/2000 10:18:38 PM
From: Proud_Infidel  Respond to of 13018
 
"Inactivity strikes us as intelligent behavior. Neither we nor most business managers would dream of feverishly trading highly profitable subsidiaries because a small move in the Federal Reserve's discount rate was predicted or because some Wall Street pundit had reversed his view on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?"

- Warren Buffett from the 1996 annual report of Berkshire Hathaway