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

To: James Clarke who wrote (1504)	5/21/1999 7:17:00 PM
From: Michael & B.Anne	Read Replies (1) \| Respond to of 4691

five reasons my picks (MBK, GE, BRK) are very Buffett like 1) Buffett claims (of himself) that his job is a) asset allocation -- either in entities he owns outright or those wherein he owns equity positions. b) care, feeding and motivation of management. This is the absolute focus for GE and generally true for MBK. 2) Buffett wants to own things that (for sure) will be around. All three are solid bets -- the weakest (for sure) being BRK .. given the singularity of management and ownership. 3) Buffett will forgo short term gain for long term strength. Neither GE or MBK is so willing to give up the short term - but both are much more committed to being dominant in their areas than competitors. (Being number 1 is paramount to both.) 4) Buffett likes enterprises that do not require constant large influxes for capital equipment and/or retooling. All three* "make money the old fashioned way" using other people's money. *MBK must retool for information technology -- but it is now a known skill. 5) Buffett believes in a strong single ethos of operation as the basis for all operations. That is equally (if not more) true for GE (sigma seven) and MBK (akao QFD). regards