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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (17801)	8/8/2004 9:16:56 PM
From: Gottfried	Read Replies (1) \| Respond to of 95617

Don, always get a news story from the source - not a condensed version. This concerns Gateway, which is written up in Barron's. I quote a pertinent paragraph... " The newest recovery effort might, just might, pay off. Yes, there are risks, but the stock might be worth gambling on, albeit as a pure speculation." subscribers' link online.barrons.com Now, Reuters refers to that Barron's story in an article headlined "Gateway shares worth the gamble-Barron's" biz.yahoo.com Notice the difference in tone? Gottfried

To: Donald Wennerstrom who wrote (17801)	8/8/2004 9:45:03 PM
From: BelowTheCrowd	Respond to of 95617

Another thing to remember about Buffett. He is investing on a scale that makes it virtually impossible to buy on shorter-term moves. You or I can establish a position in a day without the slightest impact to the market. Buffett has to buy over months in order to establish a substantial position. To some degree that forces him into the model he is most comfortable with -- namely buying on real long term bottoms, and only buying shares of companies whose values are at or below the "private equity" value for the company. To some degree I think that his personal investment style and the reality of investing the amounts of money he does tend to reinforce each other. This is generally true of many other large investors like the big old "macro" hedge funds and retirement funds like CalPERS.