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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (24646)	7/22/2003 11:15:09 AM
From: chowder	Read Replies (2) \| Respond to of 206184

>>> Warren Buffett. He does exactly what you forbid, and does it brilliantly. <<< Dale, Can you tell me what's so brilliant about being down over the last 5 year period? stockcharts.com[h,a]mahlyiay[pb40!f][vc60][iut]&pref=G Warren has had tremendous success in the past. His way of investing hasn't kept up with the times. Intrinsic value is very difficult to come by anymore because of the information age. Warren and others like him don't have that easy or early access to information anymore. People love to talk about how well Warren has done yet, I don't see these same buying G, KO, MCD and the other Buffett holdings and hanging on to them. Warren's been at it a gazillion years. The benefit of compounding has put him well in advance of everybody on a total dollar basis. Warren was compounding at a 20% rate. I assume the last 5 years have damaged those numbers. Others are now compounding at a 30% annual rate, and in time a new Warren Buffet will come out of today's traders. It will merely take time for their total dollar value to accumulate, just like Warren's did. >>> Many hotshots flamed out in 2000-2001 after being "brilliant" in the bubble. <<< Again, you guys are talking about those who failed. I'm talking about those who are succeeding. You can't be a top trader if you're not in the game today. The ones I'm talking about showed returns in excess of 100,000% during the bubble and 60% over six month periods during the bear. I'll follow up on this in a little while. I need to follow the market for a few minutes. dabum