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

To: porcupine --''''> who wrote (1120)	3/10/1999 10:12:00 PM
From: Michael Burry	Respond to of 4691

Great post, porc. Thanks. Mike

To: porcupine --''''> who wrote (1120)	3/11/1999 9:03:00 AM
From: Michael & B.Anne	Respond to of 4691

we are reaching diminishing returns on this subthread my only two points were a) in response to a previous question re: silver I stated I thought it was a very good investment by Buffett b) a p/e evaluation of 75 based only on the operating companies seemed a little harsh I too think Buffett is a hero finally an apology ... in after thought (and as a newbie to SI) I think posts re: BRK are inadequate for this thread which seems more towards applying Buffett principles in attempts to find other opportunities. (I have taken advantage of same and purchased a position in TGX) I will attempt to profit and contribute in the future in this effort regards

To: porcupine --''''> who wrote (1120)	3/15/1999 9:19:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 4691

Porc, >>So, to all of you, especially Wayne, who had the prescience to ignore Buffett's warning that BRK was fully valued at 40,000+<< The one thing you have to remember about BRK as opposed to the typical business is that waiting for the gain in intrinsic value for most businesses is like watching grass grow. For BRK it's like watching a fine thoroughbred on Breeders Cup Day. It is a portfolio of high ROE businesses, huge float generating ability, and plenty of opportunity for reinvestment. It's the perfect situation. Intrinsic value is a rapidly moving target. Wayne