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To: Dwight E. Karlsen who wrote (38476)10/31/1997 7:02:00 AM
From: Reginald Middleton  Read Replies (1) | Respond to of 186894
 
<Not trying to be insulting, but it's simply incorrect to say you have matched Buffet, but "he is much older and well known, and therefore much more impressive". That's ludicrous. On the other hand, if your net worth is about the same as Buffet's then you have my most sincere apologies for making a fool out of myself.>

I'll accept your apologies. I thought it was understood that I was referring to percentage gains, and not absolute dollar values. I am not participating in a "I'm richer than you contest." Not to take anything from Mr. Buffet, but he is not the world's best investor once it comes to raw performance. Soros bests Buffet's long term track record (at least according to Soros). Buffet is definitely a phenominal investor, but you should not consider him at the top of the game simply due to fame.

BTW, Buffet subscribes to risk adjusted DCF, the same method that I was referring to. That is what he used to justify his ongoing ownership of KO.