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

To: Michael & B.Anne who wrote (1511)5/22/1999 2:33:00 AM
From: Michael & B.Anne  Read Replies (2) | Respond to of 4691
 
one more proposal and slight modification (to make it more Buffettesque":)

d) requirement to sell off dollar value of float received for the year prior to last trading day of the year - to pay for demands against the float.

a) no more than 3 trades per year (other than "C)", below)
b) a transaction charge e.g., $5,000 (penalty) for trades over yearly limit.
c) $25,000 (new float money available) every 3 months
Less than what you suggested, but more favorable toward a bias of buying and holding -- as opposed to looking for new things.

regards



To: Michael & B.Anne who wrote (1511)5/24/1999 8:36:00 AM
From: Fredman  Respond to of 4691
 
Remember: there is a guy (me) who has to keep track of all of this, and i don't think i care to ($5,000 'fee' ? a mere pittance - WHY ?)
, three trades a year isn't enough (i didn't say you HAD to make three trades a month).


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