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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Alex MG who wrote (21573)1/14/2002 8:32:42 AM
From: DlphcOracl  Respond to of 99280
 
Alex MG: Regarding Warren Buffett....

Waren Buffett succeeds and makes money because he can buy entire distressed companies for pennies on the dollar and can do this repeatedly to corner a distressed or undervalued corner of the market (eg.,re- insurance industry) His stock-picking prowess and LT "buy-and-hold" philosophy leaves much to desired and he has proven to be one very mediocre stock-picker over the past three years.