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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: yoremonhoj who wrote (241)	7/22/2005 9:31:21 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50647

Yoremonhoj' re: Buffett' and RV's...... Well, given that Berkshire Hathaway Stock has been flat for nearly - "forever"...(allthough it has outperformed the OSX over the last 5 years...(vbg): finance.yahoo.com It does speak in my opinion, to a very interesting and valid concept - sometimes referred to as "Drive by Jounrnalism", or "Drive-By Economics." In that individuals as Journalists, Traders, Economists, or Fund Managers...tend to naturally "couch" National, or Global Markets in terms of the people they interact with on a daily basis, in terms of the specific local economies in which they live and work and that they are naturally influenced by the sentiment of those environs. ie: Buffett & Berkshire Hathaway's value oriented approach from Omaha, Nebraska...and for example the very well grounded and conservative track records of Institutional, of Fund Managers located outside of the Beltway, Wall Street, or either the Left, or Right Coasts... such as the quality of Financial Managment found in Omaha, Ne, or Kansas City Mo, Minneapolis Mn, or Cleveland OH. etc... Buffett & Berkshire Hathaway have done quite a bit of shopping in Indiana of late fwiw: Ft. Wayne: pamedsoc.org Milford: ctbinc.com ...and now, Forest River in Elkhart: pamedsoc.org < ...I wonder if Bobbie Higgin's Southfork will be put up for sale ?> Imho, it speaks well for those Middle-America value's ...and Elkhart Indiana, in particular deserves a "Tip of the Hat" and a Salute... as a great example of a City that personifies the American Dream & Capitalism at it's finest; in that we would be hard pressed to find another Small-Town USA City in which so many, that started with so little... created so much out of nothing, in the middle of nowhere... but, sadly; Elkhart as many cities in what can now be accurately referred to as America's Industrial "Rust Belt"...has not prospered as a City, equal to the rise of the RV Industry. But, the message should not be lost on Investors, that the World's Greatest Investor is buying company, after company in the Heartland - far removed, from the mania of Wall St. or the Left, or the Right Coasts... PS: Think those Class A Motorhomes and Big 5th Wheel Towables etc - will thrive if Peak Oil delivers on it's hype ? - I think Warren Buffett just voted with his wallet on Peak Oil fwiw... with this significant RV-rollup Purchase !