Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: porcupine --''''> who wrote (1112)	3/10/1999 5:05:00 PM
From: Michael & B.Anne	Read Replies (1) \| Respond to of 4690

I am of the humble opinion we are getting too sophisticated. I mean, any company that announced an earnings increase of 50% over the previous year would certainly be lauded. (Can you imagine what might happen to Yahoo or Ebay if they announced same .. or perhaps less towards the lunatic fringe if GE were announce same.) 1) The fact that the earnings came from those hideous investments as opposed to the admirable operating companies seems to me of little concern ... a 50% gain certainly beat the market by more than a little ... what care I if he guessed right on zero coupon bonds ... 2) I think it is very harsh to rate his P/E at 75 only based on operating companies only. Taking away the float and then comparing earnings to ROI or ROE might be a better base line. But, then again, the smart lady at Paine Webber had some theories on this and evaluated BRK.A at around $90,000. Oh well, I guess I may have to get used to owning a stock that reported a 50% gain in earnings ... which were discounted because they lacked the religious purity required of true Buffett's. regards p.s. last few days seems to be heavy late buying