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

To: Michael Burry who wrote (785)	12/24/1998 5:40:00 PM
From: jhg_in_kc	Read Replies (3) \| Respond to of 4691

<< I wonder about the relevance of all these arguments to Buffett's method of investing, and to the purpose of the thread, which is not to be a "Hot Subject" but rather to focus on stocks Buffett might buy if he weren't so limited to the largest of market caps, >> IMO you guys see so many problems and imperfections, that YOU WILL NEVER BUY ANYTHING. Just a thought Merry Xmas to all I will wait until next year before stirring anything else up. jhg

To: Michael Burry who wrote (785)	12/25/1998 12:18:00 AM
From: Shane M	Respond to of 4691

Thread, RAL comment: Saw this link on Yahoo concerning the new Energizer battery. Apparently it is clearly superior to anything else on the market. messages.yahoo.com@m2.yahoo.com Shane

To: Michael Burry who wrote (785)	12/25/1998 1:32:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 4691

Michael, thank you for your reply. I never claimed that what I did had any necessary connection to Buffet's methodology. Quite the opposite: Buffet would simply pass on growth stocks because of the inherent problems in predicting earnings. In fact, I didn't come here willingly -- I came here to defend myself against accusations and innuendo by some of the contributors to this thread who apparently revel in twisting positions in order to make cheap shots. I think it should be clear to all who follow Buffet that he does not invest in new technology. But those emerging industries are the ones that will make some fortunate investors very wealthy. Those who invested wisely in railroads in the middle of the 19th century were considered visionaries after the fact. The same is true of those who invested in automobiles at the turn of the century, and those who invested in the computer industry during the past several decades. I think we are on the cusp of a new industrial revolution that rivals the one that occurred during the middle of the 19th century. This revolution depends on the confluence of the telecommunications, computer and specialty retail industries. It will ultimately consist of the replacement of many stores with e-commerce. This implies a lot more than the replacement of physical locations with web-sites -- it requires that the infrastructure required to support this emerging commerce will need to be created. It will also cause dislocations in the price of retail real estate, and the further proliferation of the "virtual office". There is tremendous opportunity for investors, but this opportunity is also replete with risk. But you are gravely mistaken if you believe that the risk is isolated to those companies trying to embrace e-commerce. Nobody can say for sure which of those companies will emerge as the leaders in this revolution, but one thing is certain: many companies face certain extinction if they do not try to adapt to this changing environment. If you doubt what I say, just consider the impact that the confluence of the internet and free competition has had on the brokerage industry. Happy holidays. TTFN, CTC