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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: J Bertrand who wrote (28795)	3/3/1999 2:22:00 PM
From: Stefan	Read Replies (2) \| Respond to of 70976

Just remember that Buffet once closed his fund and sold all his stocks since he believe there was no value. He said recently that stocks are overvalued.

To: J Bertrand who wrote (28795)	3/3/1999 2:40:00 PM
From: Sun Tzu	Respond to of 70976

He didn't do it with bonds, gold, treasuries or other investments. It was stocks. He didn't trade,... Mr. Public protector, before you chose someone as a role model, at least try to find out how they got there, rather than just accepting the popular myths. Buffett bought, sold, and last I heard still holds large amounts of oil and silver as well as other securities. In addition a good chunk of his returns came from buying companies and restructuring and managing them well. So you could say that he is more of a great manager than an investor. Now when he tells you to buy undervalued companies and sell them when they are overvalued, what do you think he is telling you? To buy and hold forever? Besides, what makes you think that you are on equal footing with him and that what worked for him will work for you? Here is an earlier post of mine on this topic Message 5294701 Read it. Educate yourself with other points of view, and then we'll talk. Incidently, the person to whom the sarcasm in that post was targeted (James Nickel) is now a good friend of mine and we go out on occasions. Sun Tzu