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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tatnic who wrote (96316)	6/27/2002 10:50:19 AM
From: Knighty Tin	Respond to of 132070

CC, well, the first time Buffett bought Berkshire, it went belly up. So it depends on when you bought it whether it has done well or not. <g> But he has had outstanding returns. Most of his returns have come from always having the cash to buy when great cos. get cheap. And he got that cash from the operating cos. he owns. So that's a big difference between his style and Peter Lynch's. The cash flow keeps coming in in the bad times and Magellan bleeds cash when times get tough.