To: Paul Fiondella who wrote (22398 ) 6/2/1998 6:26:00 AM From: EPS Respond to of 42771
(OT) In reference to investments in Japan. I think that Asia's recovery will probably be in the sequence of events that could lead to an eventual recovery of commodity prices...and Japan will probably lead the Asian recovery...and I'm very comfortable placing the bet with strong dollars in a beaten down market.. ------------------------------------------------ Reading Material from today's Times ------------------------------------ Warren Buffett? --------------------- June 2, 1998 Silver Goes South on Warren Buffett By JONATHAN FUERBRINGER EW YORK -- One of the most heralded investment bets of the last year -- Warren Buffett's purchase of almost 130 million ounces of silver -- now appears to be a money loser. The price of silver in the last week has dropped close to $5 an ounce, bringing it significantly below the average price of Buffett's silver purchases. By one calculation, he now has a paper loss of at least $14.1 million, a 2.1 percent decline in the value of his entire silver investment. In the 1997 annual report for Berkshire Hathaway Inc., his investment vehicle, he said he had a profit of $97.4 million on his silver investment as of the end of last year. For Buffett, these losses are no more significant in his portfolio than his bridge losses. But they have been far more painful for the investors who like to follow Buffett wherever he goes. search.nytimes.com ------------------------------ Can a woman be like a man? ------------------------------------------------------------- Billy Tipton: One False Note in a Musician's Life Forum Join a Discussion on Pop & Jazz By DINITIA SMITH n the morning of Jan. 21, 1989, Billy Tipton, 74, a gifted jazz musician who was a veteran of the tiny clubs and V.F.W. posts of small-town America, collapsed on the floor of a mobile home in Spokane, Wash. Tipton's son William summoned paramedics, and as they opened Tipton's pajamas to perform resuscitation, they made an extraordinary discovery. Tipton, who most people had assumed to be a man, who had had at least five wives and had adopted three sons, was in fact a woman. "Did your father ever have a sex change?" the paramedics asked William, he later recalled. The news that Tipton, a pianist and saxophonist, was a woman came as a shock to nearly everyone, including the women who had considered themselves his wives, as well as his sons and the musicians who had traveled with him. search.nytimes.com