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To: Rarebird who wrote (66772)3/30/2001 2:38:50 PM
From: long-gone  Respond to of 116753
 
FOOL PLATE SPECIAL
Buffett Sees No Bargains

Warren Buffett recently spoke with reporters about Berkshire Hathaway's recent investments and the health of the economy. Even after the market's recent decline, Buffett indicated that Berkshire has had a tough time finding bargains on Wall Street. He also doesn't see the economic slowdown ending anytime soon.

By Paul Larson (TMF Parlay)
March 27, 2001

When the "Oracle of Omaha" speaks, investors are often rewarded by listening. This week, legendary investor and head of Berkshire Hathaway (NYSE: BRK.A) Warren Buffett gave some hints into his current thinking about the health of the stock market and the economy.

No bargains
Speaking at a press conference held in Britain to promote Berkshire's Executive Jet airplane timeshare business, Buffett said of Berkshire: "We're not doing a lot of buying [stocks]. We're buying more planes than we are stocks." Reading between the lines, Buffett and holding company Berkshire Hathaway seem to be having a difficult time locating bargains on Wall Street. ...
fool.com



To: Rarebird who wrote (66772)3/30/2001 2:54:55 PM
From: long-gone  Read Replies (1) | Respond to of 116753
 
OT
Friday March 30, 8:45 am Eastern Time
UK Maxwell report fingers son, Goldman Sachs
(UPDATE: Adds government, media, business reaction)

By Mike Peacock and Chris Helgren

LONDON, March 30 (Reuters) - A son of disgraced tycoon Robert Maxwell bears ``heavy responsibility'' for the collapse of his late father's empire but so too does U.S. investment banking giant Goldman Sachs, a British government report said on Friday.
...
biz.yahoo.com



To: Rarebird who wrote (66772)3/30/2001 5:59:16 PM
From: re3  Respond to of 116753
 
is this a fair definition of a conspiracy? "people sat around and after talking, agreed on their intent to do something"

i tried out the concept of price fixing in my eco class...i made 4 students represent oil companies...i told them the last weekend retail price was $ 70 cents a litre (we don't use gallons here). i suggested they should just fix the price on an agreed upon price and not bother competing with each other, even though in real life it was illegal. then i asked them to go back to their seats, write down the price and then come up to me and give me the price...they all cheated even the first round, and instead of realizing cheating was pointless, they kept on doing it for 3 or 4 rounds till we got tired of the thing.

so, IF there was a gold conspiracy, which people sat around and what did they intend to do ?

anybody ? <g>