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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (2736)	1/18/2001 12:09:34 AM
From: James Clarke	Read Replies (2) \| Respond to of 4690

You know I always try to be provocative. But I meant what I said. Dell exhibits a lot of signs of a Buffett company (the obvious financial characteristics, virtually unlimited growth opportunities - its not a PC company - and perhaps more importantly honest deeply committed management.) If its not on his radar screen with a number attached I would be very surprised. If Warren Buffett has never met Michael Dell I'd be very surprised too. If you're confused by why I like Dell, focus not on the Buffetology numbers (I would never plug Dell's ROE into any growth model), but on my statement that its not a PC company. What really amuses me about Dell is that that jhg guy who I used to argue with on this thread is nowhere to be seen when the price falls 60%. Hey...ya out there...I agree with you now... There are two parts to Buffetology. One is identifying the company. The other part is picking the price. Perhaps the toughest part is the patience required to wait until it gets there and the conviction to buy when it does. Buying the right company at the wrong price doesn't do the job.