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

To: cfimx who wrote (294)	9/21/1998 4:17:00 PM
From: jhg_in_kc	Read Replies (2) \| Respond to of 4691

.but at some point the business becomes a "replacement" market business and the stocks will be priced accordingly...ie 1-2 times revenues and under 10x earnings... but the key point is when some point is. I would say its when games companies stop making games that require more and more processing power and enhanced graphics compared to previous versions. I would say its when when application software companies stop making software that eats more and more CPU and disc space. I would say its when databases can no longer store more and more detailed data because there is no more to store. I would say its when databases stop storing more and more complex data and require increased processing power to manipulate it. I would say its when when people stop inventing new technologies that replace old ones such as DVD and full screen video and and and. I would say its when speech recognition, AI, intelligent agents are commonplace and can't be improved any more. ALL THIS AND a competitor to Dell finally emulates its business model and puts it in place with all the concomitant losses in the meantime when you think this point will be. I speculate it will not be for a few years yet like maybe 5 to 10. IMO Buffett does play dumb and folksy at times. I bet he understands MSFT, which I agree is more up his alley, being ubiquitous and increasingly inevitable. Why hasnt Buffet bought MSFT? It's not too hard to understand? Is it? jhg