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

To: jhg_in_kc who wrote (884)	12/31/1998 3:27:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 4691

Sorry you misunderstood me on AOL. Once again we have this disconnect over valuation. I am NOT considering buying AOL because the valuation is not even close to what I would be looking for. And no, I would not consider a 20 point drop an "opportunity." The stock price has the wrong number of zeros on the end. All I said was that I like the business, and over time I hope to close in on a conservative valuation, then wait until management screws something up and all you guys panic out of it ( :) ). If it doesn't get there, it doesn't get there. JJC