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

To: Gary105 who wrote (3022)	1/14/1998 7:59:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78625

Best way to emulate Buffet is by owning Buffets company - BRKB or BRKA- its my largest holding. I really disagree for two reasons: 1) Buffett's age - sudden, bad things happen to old people who have eaten steak their whole lives; should there be a Buffett-medical- watch web page? It is awfully relevant to many people's investment, yet his health problems - by now he must have a few - are never discussed. 2) This is only releveant because Berkshire is trading way above book value. If something were to happen to Buffett, how would the stock react? A 30% haircut maybe? Not to NAV but maybe to a modest premium? If we're going to put our money with managers, it seems someone like Ron Baron, who manages a no-load, low-tax, low-turnover NAV mutual fund that has beaten the S&P in the last 6 mo, 1 yr 3 yr 5 yr and 10 yr periods is a better way to go. If something sudden happens to him, our investment doesn't plummet. Mike