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

To: Sun Tzu who wrote (30093)	5/12/1999 2:13:00 PM
From: Gottfried	Read Replies (3) \| Respond to of 70976

ST, OT *** since Warren likes to buy whole businesses, it is not surprising he not doing so now. He is also known for having said market corrections are seen as buying opportunities, therefore welcomed. G.

To: Sun Tzu who wrote (30093)	5/12/1999 2:50:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

*OT* As BRK a/b holds some very high multiple stocks such as KO and you're paying more than 2book value for BRK a/b, its an awfully expensive way to buy some awfully expensive stocks. And if you want to pay me 2book for cash, I'll sell you all you want. Just keep the bank drafts rolling in. :-) All the same, there have been very few places with less risk and better returns for anyone to put money than BRK. But it's so large, that Buffett is practically constrained to selecting from the 100 or perhaps 200 largest cap stocks in the US given the size of the positions he has to take. Buffett's view of the "market" is much different than mine, and probably yours as well. Ian.