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

To: Spekulatius who wrote (911)	4/30/2009 1:05:21 PM
From: bruwin	Respond to of 4720

LOL !! Maybe there's more to the description "Vulture" than meets the eye Spekulatius !! There's no doubt that WEB is known to wait until the stronger become weaker, often due to "market forces", before he takes advantage of their weakened state. Of course, that shouldn't stop others from doing the same, if they had the same courage of their fundamental convictions as WEB has. Considering what has happened within Markets of late, I also wouldn't be surprised that the results of Berkshire may not be good. But there again, Buffett has a different investment time frame and possibly a different investment strategy than many of us, so I doubt that he will express excessive concern should his holding company show poorer results than normal. We'll just have to wait and see what happens. Either way, I'm sure it will be an interesting and revealing AGM !

To: Spekulatius who wrote (911)	5/4/2009 2:58:42 PM
From: bruwin	Respond to of 4720

So, as we thought, Berkshire's results were not good, compared to past year-ends. No surprise there. Here are some Buffett extracts from the 2009 AGM ... "Buffett told the AGM he expected the company to make further losses this year. Speaking at the opening of the meeting, Buffett said it had been "a very extraordinary year" and the economy had experienced "a financial hurricane". "When the American public pulls back the way they have, the government does need to step in. It is the right thing to do, but it won't be a free ride." But he said the government had reacted well, telling his investors: "Overall, I commend the actions that were taken." He said the economy had experienced a "financial hurricane" and no one could expect perfection. He said that despite short-term pain, in the long run he was optimistic. "It may be much harder to tame inflation a few years down the road because of the things we're doing now to combat the present severe recession, so it'll look different but overall it will look better down the road." Despite its troubles, Berkshire Hathaway has fared much better than many other funds in a year of huge stock market declines. Buffett has said he is prepared to hold his investments for a long time - until they come good."

To: Spekulatius who wrote (911)	5/6/2009 2:05:27 AM
From: bruwin	Read Replies (2) \| Respond to of 4720

Spekulatius, you stated elsewhere that .... "WFC will need to raise a bunch or (of ?) green as well." I'm not into banks, but you have a good insight in that regard. I'd be interested to know (in layman's language !!) what your reasoning is behind your statement regarding WFC. Although it's probably early days yet, their stock price seems to have been performing fairly well in recent times, currently trading at about $23.20 after hitting a low of $8.12 as recently as 5 March 09.