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To: Bill Wexler who wrote (29219)3/4/1999 7:34:00 PM
From: bob  Read Replies (1) | Respond to of 31646
 
Bill is and continues to be 100% wrong about his CPU stock promotion
fraud.




To: Bill Wexler who wrote (29219)3/5/1999 5:15:00 PM
From: Judge  Respond to of 31646
 
Warren Buffett on sinking share prices:

"How We Think About Market Fluctuations

A short quiz: If you plan to eat hamburgers throughout your life and
are not a cattle producer, should you wish for higher or lower prices
for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.

But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."

--From the Berkshire-Hathaway March '98 Annual Report.