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To: craig crawford who wrote (115472)	1/16/2001 9:08:39 PM
From: Victor Lazlo	Respond to of 164684

<<You're talking as if Buffett is an idiot. He is too old? Come on, was he too old to invest in tech 10-15 years ago? He choose not to then, and he was much younger. >> He made a choice to not to go into tech 10-15 years ago, and he has done very well without tech, Craig. imo he decided it was nto worth his while to take time away from searching for values to try to understand overvalued tech co's. that would not by a longshot fit his "buy" profile anyway ! <<On the one hand you say they are very shrewd, then you say they are either too stupid or too old and lazy to get up to speed on tech. This is where you are WRONG. Buffet is smart enough to figure out tech, in fact is he is so smart that he knows they don't have much in the way of earnings to support their prices. So he chooses to stay away. >> Craig, Buffet and Munger are Graham and Dodd disciples. nuf said. Victor >> ps, looks like value won again today, eh? <<

To: craig crawford who wrote (115472)	1/16/2001 9:12:02 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

NEW YORK (CBS.MW) - The Dow Industrials took the lead Tuesday, buttressed by its old-economy components, while the Nasdaq sputtered for a second straight session as sellers held a firm grip on the chip sector. cbs.marketwatch.com

To: craig crawford who wrote (115472)	1/17/2001 6:53:30 PM
From: Randy Ellingson	Read Replies (1) \| Respond to of 164684

On the one hand you say they are very shrewd, then you say they are either too stupid or too old and lazy to get up to speed on tech. This is where you are WRONG. Buffet is smart enough to figure out tech, in fact is he is so smart that he knows they don't have much in the way of earnings to support their prices. So he chooses to stay away. I think I see your point, though if Buffet had invested in big tech (IBM, MSFT, INTC) 15 years ago, he would have been quite happy with the results.