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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (7912)3/3/2007 12:00:48 PM
From: Mary Cluney  Read Replies (1) | Respond to of 12242
 
Warren Buffett is amazing.

It can't just be luck. He has being doing it for nearly 50 years. It can't be just what he says it is. Value investing and putting the right people in place. There has to be more to it.



To: Maurice Winn who wrote (7912)3/3/2007 12:22:20 PM
From: Jon Koplik  Read Replies (2) | Respond to of 12242
 
(Repeating) (from 9/22/2005) (the "great") Warren Buffett's stock unchanged in price from about 7 1/2 years earlier

I guess we'll see what a normal or bad hurricane season does (later this year) ...

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Message 21727005

(Off topic) : (the "great") Warren Buffett's stock is at a new low for the year; and (I believe) now roughly unchanged in price from about 7 1/2 years ago (early 1998) (and, with (I believe) zero dividends during those 7 1/2 years, too).

I guess one can clearly get "hosed" if a huge portion of your business is insurance exposure that "hopes" that :

weather patterns that come and go like clockwork (the 1930s, I believe, had many warm and hurricane intensive years, as predicted by some oscillating ocean current) ...

somehow magically never reappear.

Jon.



To: Maurice Winn who wrote (7912)3/3/2007 1:20:02 PM
From: carranza2  Respond to of 12242
 
Bets against hurricanes.

Anyone who saw the El Nino forming could have done that. Buffett has the means and the opportunity to make the Big Bet. Still, insurance is only part of his magic.

This year, however, as the EN deteriorates, is another thing altogether.

C2@puckering.com