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

To: jhg_in_kc who wrote (313)	9/22/1998 3:31:00 PM
From: Joseph G.	Respond to of 4691

<< On the Dell thread we dont' need no stinking 12% returns.>> If you get as high as negative 5%, consider yourself very very lucky ...

To: jhg_in_kc who wrote (313)	9/22/1998 3:46:00 PM
From: Jurgis Bekepuris	Respond to of 4691

>In the midst of the worst bear interlude in 10 years, > my Dell is up 161%, and Berkhisre is up 23% YTD. My AMZN was up 500%. I got 1000% annualized return on EGGS. I discovered cancer cure for ENMD and got paid 10000% options. I found the treasure of Titanic and conquered the empire of Aztecs. I had more wealth than Bill Gates, Warren Buffett and sultan of Brunei combined. I routinely wrestled with Superman and got drunk on pan-galactic-gargleblaster with Boris Yeltsin. And then... I woke up... Happy dreams! Jurgis ------------------------------------------------------- You reached me in a moment of temporary sanity, please call back later.

To: jhg_in_kc who wrote (313)	9/22/1998 4:43:00 PM
From: cfimx	Respond to of 4691

you need to reread your buffet. You don't get it yet.

To: jhg_in_kc who wrote (313)	9/22/1998 7:14:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 4691

<<This thread is far too stodgy to even admit that a phenomenon like Dell can be genuine. People here seem too steeped in "margin of safety" dogma, I'm afraid. Sometimes you have to rock and roll. On the Dell thread we dont' need no stinking 12% returns. We are used to 45% at a minimum.>> I never said Dell is not a great company. I have only argued that it is overvalued and does not have the track record to demonstrate Buffett predictability. But after this little gem from you, I reiterate what I said before. Let me know when you sell your whole portfolio in disgust, and that will be my buy signal. Earth to Investor: The historical long term return on the stock market is about 9%, half of that in dividends. AND WITH LOWER INTEREST RATES, THAT EXPECTED RETURN SHOULD BE LESS, NOT MORE, UNLESS INTEREST RATES CONTINUE TO FALL. Warren Buffett himself has amassed his fortune by earning 20% returns year after year. And you're used to 45% at a minimum? Do you understand what you are saying? You could not have told me more clearly if you tried that we are still looking at a speculative peak which has a long way to fall.