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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (38470)	10/30/1997 10:06:00 PM
From: Reginald Middleton	Read Replies (2) \| Respond to of 186894

Buffet's biographers and I disagree. Believe me, Buffet won't allow all of his secret to be published, especially by third parties. <Tough to disagree with a track record like his.> Thus far, it is no better than mine, but then again he is much older and well known, and therefore much more impressive. As for why not buy backs see techstocks.com . Stock buybacks do not increase company value, only per share earnings, which is quite misleading due to the fact that you had to spend cash to get that reduction. you are much better off growing the company. <Oh, one other question. If these empirical models work so well, and banks use them, why do large banks have such a lousy track record with respect to Mutual Fund performance?> I was referring to investment banks (just to be clear). These banks have phenominal performance in thier proprietary accounts. If you know anybody who works for a big bank or specialist boutique like Morgan Stanely, KKR or Forstman Little, ask them how well their firms internal investments have done. Many of the partners in the boutiques are forced to put their equity into the investments and deals that they do. You are referring to the performance of what they offer YOU, the customer, and not themselves.