Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Moominoid who wrote (2841)	6/3/2001 1:23:10 AM
From: James Clarke	Read Replies (4) \| Respond to of 4691

USG is 50% below the master's purchase price and sure looks like it could go to 100% below in a hurry if they file for bankruptcy (Reuters reported a bankruptcy Friday then had to retract the story.) Is this a whoops? I have whoopses, we all have whoopses, but I do not know of a whoops in Warren Buffett's career. Which is just amazing considering the length of that career. I'm sure there were a few, but they were not investments that were disclosed. Is this a whoops, or is this a US Air or Salomon, which fell first, and would have been great buys when they did. (Of course there was a big difference in that his US Air and Salomon stakes were convertible preferred securities. I never bought USG, though I was very close to doing so just because I know Warren Buffett paid 15 and he doesn't take the kind of downside risk which Wall Street sees in USG (zero). So I inferred he must know something about asbestos that others don't through his insurance operations. That inference is being tested (though I don't own the stock). At 7, the market is offering us a very interesting situation. I am not recommending anything either way - its just an interesting one to think about. Any thoughts?