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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (27803)	2/9/2004 11:06:34 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 39344

MB - If it's no trouble, would you mind citing the Buffett reference? I would like to see where Buffett encourages investors to put all their chips on one or two squares. Now, I have heard him say that you should not sell your winners strictly towards the end of maintaining balance in your portfolio but that is another story. There is no question that you may be fabulously successful with your IMA approach, but from a risk management perspective, it is off the charts. Just so we are all cognizant of that. I can't say that I'm too upset about your watching Feral from the sidelines, we'll let you know how it goes! I wish you luck, as for myself, I like to rely on that as little as possible...

To: Michael Bidder who wrote (27803)	2/9/2004 1:33:09 PM
From: Valuepro	Read Replies (1) \| Respond to of 39344

Bidder, "Mr Buffet would dissagree with you. He says, "...put it all down on one or two stocks. Why put into others when your best is better?" He was referring to one or two stocks per market segment, and he was talking about investments, NOT SPECULATIONS. Buffet does not speculate. Further, he stresses that one should never invest in industries one does not fully understand. Hence, he never put money into technology issues, though he counts Bill Gates among his friends. He put money in Silver bullion instead a Silver miner, or two, the way Gates did, because he doesn't understand mining. Now if you find that Buffet has shown an interest in IMA, well, that would be an interesting mention of his name. In the meantime, you are neither a winner, nor a loser with IMA until you book your transaction. I hope your thinking of recovering at least your seed money before too long.