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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61837)	3/10/2002 12:47:30 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Buffett 'Lukewarm' on Stocks, Seeks Acquisitions (Update3) By Dan Lonkevich OmahaBuffett 'Lukewarm' on Stocks, Seeks Acquisitions (Update3) By Dan Lonkevich quote.bloomberg.com Omaha, Nebraska, March 9 (Bloomberg) -- Billionaire investor Warren Buffett said Berkshire Hathaway Inc.'s net worth declined for the first time in 37 years and future gains won't match past performance. Separately, Berkshire revealed holdings worth over $500 million in tax preparer H&R Block Inc. and ratings agency Moody's Investors Services. Berkshire's other holdings with market values above $500 million include American Express Co., Coca-Cola Co., Gillette Co., Washington Post Co. and Wells Fargo & Co., all of which the company held the previous year. ``In the future we won't come close to replicating our past record,'' Buffett wrote in his annual letter to investors. ``Two conditions at Berkshire are far different from what they once were: Then we could often buy businesses and securities at much lower valuations than now prevail; and more important, we were working with far less money than we now have.'' Berkshire's net worth increased an average of 22.6 percent a year between 1965 and 2001. In 2001 net worth decreased 6.2 percent compared with a gain of 6.5 percent in 2000. , Nebraska, March 9 (Bloomberg) -- Billionaire investor Warren Buffett said Berkshire Hathaway Inc.'s net worth declined for the first time in 37 years and future gains won't match past performance. Separately, Berkshire revealed holdings worth over $500 million in tax preparer H&R Block Inc. and ratings agency Moody's Investors Services. Berkshire's other holdings with market values above $500 million include American Express Co., Coca-Cola Co., Gillette Co., Washington Post Co. and Wells Fargo & Co., all of which the company held the previous year. ``In the future we won't come close to replicating our past record,'' Buffett wrote in his annual letter to investors. ``Two conditions at Berkshire are far different from what they once were: Then we could often buy businesses and securities at much lower valuations than now prevail; and more important, we were working with far less money than we now have.'' Berkshire's net worth increased an average of 22.6 percent a year between 1965 and 2001. In 2001 net worth decreased 6.2 percent compared with a gain of 6.5 percent in 2000.