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

To: Bob Rudd who wrote (12421)	5/4/2001 11:20:33 PM
From: James Clarke	Read Replies (3) \| Respond to of 78753

Warren Buffett said last week that he'd looked at a lot of companies that were great investments except for the asbestos. And that's like a doctor examining a 120 year old and saying "You're in perfect health except that you're dead." I almost got sucked into USG at 14 after I saw Buffett buying it. (he would not comment on what he is doing or has done with that holding) My better angels prevailed, as I have learned that when I put a small amount of money into a high risk stock because "that's what I can afford to lose" I usually do just that. Asbestos, lead paint I have come to just say no. There are too many other cheap stocks out there without downside risk of zero. As much as I hope the trial lawyers will be crushed, I won't invest based on that, though I am tempted to at times.