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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Lorne who wrote (815)11/10/1998 5:53:00 PM
From: Tomato  Read Replies (1) | Respond to of 2006
 
Lorne,

I wouldn't characterize it as nit-picking. I decided to do some follow-the geniuses this year and it got me serious percentage losses in PAASF (a proxy for Buffett's silver investment) and ESV (Ensco), Richard Rainwater's pick that went from around 48 to 9 5/8. I believe Rainwater and his wife Darla Moore, another superior intellect, are big into Columbia/HCA, which is a big loser. Also, if you bought Coke at it's peak you'd be hurting and will probably be hurting for some time, since it's way overpriced IMHO. So, to summarize, I don't think it's nit-picking to question the prudence of following "smart money."



To: Lorne who wrote (815)11/10/1998 7:46:00 PM
From: .Trev  Respond to of 2006
 
Don't know if it's true or not but I heard a story that because Buffett was so secret some of the sellers that he bought from were short and couldn't close. Poor guy had to take money instead.


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