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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (14769)	7/14/2001 10:19:27 AM
From: Kirk ©	Read Replies (2) \| Respond to of 42834

I'm not taking a stand "against" anyone. As to Buffett, heck, he is human and can make a mistake. Consider why I bought MSFT. I bought in 1993 (before I heard of Bob) because they had this business model that was simple and profitable: ->Release software that people like but is full of bugs ->Charge for Upgrades on a regular basis that fixes SOME of the bugs. Their manufacturing cost at the time was a floppy copier, some flopies and a buck an hour to someone in Asia to keep loading floppies into the copier (not really, but making a point with hyperbole.) It seemed like a WONDERFUL business model to be in as everyone wanted their product and were tripping over each other to buy an upgraded version that still didn't work too well, it just worked better than all the alternatives. I saw the risk/reward in that as being far better than making a box of chocolates that people eat, get fat and have their doctors tell them to cut out the sweets. Buffett did well buying the chocolate company and I did well with Msft. I'll wager my return on investment far outstripped his. Does that make me better? No. It just means we don't always agree and I do not suffer from this. best regards Kirk btw, I am all for more disclosure but this seems pretty easy to find to me... then again, I am one of the rare breed that read the shareholder info when they send it to me to vote on authorizing more shares as they are asking me to dilute what I own. My guess is you and many others don't read or understand what they sign when they authorize the plans.