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

To: Gottfried who wrote (23122)	5/2/2005 12:09:55 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95541

RE: OT ** Buffett and Munger:* Munger thinks Buffett is optimistic. We must also remember that Buffett thrives on buying stuff very cheap and it isn't cheap enough for him yet. That has to color his outlook. Key: "Overall, I'm an enormous bull on the country. This is the most remarkable success story in the history of the world. It does not make sense to bet against America. I do not get pessimistic about the country. The real worry is what can be done by terrorists or governments that may have access to nuclear or other weapons.... "If you had to make a choice between long-term bonds at around 4.5 percent and equities for the next 20 years, I would certainly prefer equities. But if people think they can earn more than 6-7 percent a year, they're making a big mistake. I don't think we're in bubble-type valuations in equities -- or anywhere close to bargain valuations. "If you told me I had to go away for 20 years, I would rather take an index fund over long-term bonds. You'll get a chance to do something extremely intelligent with your money in the next few years. But right now there doesn't seem to be a clear enough direction to conclude anything dramatic." Buffett Blog: suite101.com