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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (35493)11/6/1998 8:41:00 PM
From: Ilaine  Read Replies (1) | Respond to of 132070
 
>>>>>Nobody ever asks why [Warren Buffett] had been holding cash until everyone else was selling.<<<<<

Buffett closed out a mutual fund he was running and gave everyone their money back because he couldn't find any stocks at a reasonable price, thought the market was overvalued. Was it in the 1970's? He waited until the market bottom, then bought. That was why I felt real nervous when I read he was holding $6 billion in cash in September. Berkshire Hathaway was about 30% off its high, but he wasn't buying it.

CobaltBlue