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

To: Tomato who wrote (445)	10/18/1998 8:31:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 4691

One thing to remember is that Buffett is successful partially because of his success. Coke, Gilette, etc. gain credence as stocks where PE doesn't matter precisely because everyone knows that he owns them, and knows he doesn't care about PE. Re: Buffett's clogged arteries, we can look at his family tree - longevity is inherited (vaguely, but it's true). I don't know the tree, but I do know that Berkshire is being valued on the pass through earnings of the businesses it owns and also to a degree on Buffett's continued ability to invest to success. I think anyone buying Berkshire now must consider the effects of his death - including the removal of his underappreciated influence on the companies he's invested in. Gilette wasn't always the picture of efficiency in shareholder rewards that it appears to be today, and there's no guarantee it will be this way years after Buffett's death. Mike