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

To: Tomato who wrote (813)	12/27/1998 5:21:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 4691

Tomato, you are of course correct. My return over the past 30 years is greater than Buffett's. But then, I started with much, much less money than he, and when he invests he moves markets. He also has expenses associated with various vehicles -- BRK, partnerships and so forth require a staff, legal documents, filings etc. So I don't asking about the small investor is a fair comparison. But let me ask this: who is the greater investor -- Bill Gates who started a company from scratch, or WEB? How about people like Steve Jobs? TTFN, CTC

To: Tomato who wrote (813)	12/27/1998 5:33:00 PM
From: cfimx	Read Replies (1) \| Respond to of 4691

>> Doesn't George Soros have him beat? << No. Soros, levers himself up the yin....y... He also uses a bunch of exotic securities to make "bets." Soros is a much better gambler than WEB is, however. Soros also stopped calling his own shots ( a few years ago) once his pile got too big for him. WEB won't ever do that. Don't forget that Jimmy Rogers was with Soros early on when THEY rolled up some big numbers. >>And if you want to put avoidance of risk high up on your wish list, Gil Blake, to my mind, can't be beat. He's the guy who guaranteed his investors 20% a year and has as far as I know always delivered over 20% for about 20?? years now. He just uses technical factors he finds by combing historical data. I think if I had a choice between investing money with him or putting it in BRK, I'd put it with Blake. Unfortunately, Blake is not taking on new investors.<< Would you now? And what exactly do you mean by "as far as you know?" How does he avoid risk with charts? Have you seen AUDITED returns from this Blake guy? How about tax adjusted returns? How about after taxes, after fees, and after the frictional costs of trading? How do you know he is not some infomercial guy? Well, what are the REAL returns to investors? By the way, why is it that this Blake guy doesn't show up on any of the 400 wealthiest people in America lists? Even starting small, 20 years at 20+% would put him there. Where is he? There are no technical analysts on the Forbes 400. Nada. >>Bet they did better than WEB! <<< Being at the right place at the right time is far different proposition. Would you give any of THESE people money to invest, given there only claim to fame is riding someone else's coat tails? Hardly. >>There may be a lot of low profile people out there that have done better than WEB over a long period of time.<< Yeah, there MAY be, just like there might be aliens landing down in Alabama every few months. I don't get YOUR STATEMENT. Why throw such a crazy hypothetical out there that has such a microscopic kernel of truth behind it? "There may be" a lot of things Tomato. >>I guess my point is that maybe WEB isn't the best out there, and we shouldn't assume that to be true.<< Until PROVEN otherwise, I'll keep assuming that MAYBE he is. Tomato, like to stir things up, don't you?<G>