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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?


To: Elmer who wrote (1505)7/12/2003 2:57:47 PM
From: Jacques Newey  Respond to of 1652
 
Elmer, "you can't spend "relative performance" in an epic bear market."

No, but you can preserve capital.

Buffett says (paraphrasing): "the first rule in investing is not to lose money. The second rule is to not to forget the first rule."



To: Elmer who wrote (1505)8/3/2003 5:39:23 PM
From: Dave  Read Replies (2) | Respond to of 1652
 
I think BRK is now a conglomerate like GE and warrants a similar P/E and P/B ratio. If the market ever agrees with me, we are up a lot.

That or GE investors are just in for a bigger downside surprise than you are when the collapse of the mortgage refinancing bubble brings down the economy and with it the equities market.

Fasten your safety belt.

Dave