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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (28246)	9/25/2007 3:04:55 PM
From: Kirk ©	Read Replies (1) \| Respond to of 78752

Fair enough. I agree that BRKA has been a great investment. But, what do you think about the Buffett Premium? What would it sell for if he is run over by a bus tonight? Also, the stock doesn't pay a dividend and its return on assets now tells me I don't want to reinvest dividends... as Warren has been looking for "great ideas" for a long time and he hasn't really hit any out of the park. If he is not growing earnings and the return on assets is less than what I can get in a CD, then isn't a big reason to own it... the safety... gone? I know people follow Warren like a religion so it can be seen as a blasphemy for doubting it can continue for another 40 years.... but hasn't Warren himself said his stock is not a good deal? FWIW, I don't hold on to my great GARP stocks forever... I usually take big profits and spread the money into other stocks I hope will follow a similar price trajectory. If I still like the company, I usually hold some "core shares" but often I've taken two or three times my original investment out in profits first. Quite often, they are very volatile so it makes sense and I often get to do it for the same stock many times.