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

To: TheSlowLane who wrote (27805)	2/9/2004 2:59:24 PM
From: Michael Bidder	Respond to of 39344

Feral? Is that the new name for the Wildcat gambit? Buffett? Short of rereading his book or digging through internet "quotes by Buffett" I cant site you a page reference. I will tell you that he is a big fan of putting ALL thats ALL of his money on the top three. I assume this is when he was small and building his nestegg. He also said he had to take some enordinate risks early on. Risks he would not now take. Intuition should illuminate this strategy for you. Buffett said, "why put money on a second best pick if the first is better" I conceed mining stocks are different, the element of gambeling is very high, especially on an undrilled target, EC and CC could have easily been correct. I will repeat: EC and CC could have easily been right and I wrong. The reason I am/was down on them is they never gave IMA fair due. Your caution about putting it all down on one square would have proved right as well. HOWEVER, I passed the test. IMA is well higher than where I bought it and prospects are excellent. I think that it has always been under priced. Thus I felt "safe" putting it all on.