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

To: Daniel Chisholm who wrote (1522)	5/24/1999 10:09:00 AM
From: cfimx	Read Replies (3) \| Respond to of 4691

>>Exactly this sort of thing seems to be going on over the the Value Investing thread. Are we in the midst of a Golden Age of sorts, perhaps without realizing it? Or are these sorts of opportunities usually available to the diligent value investor?<< Just what is so "golden" about trading a lot, paying commissions, spreads, and taxes? Buffet may have started this way but he certainly advises against this form of "investing." On the contrary, investors without the burden of large $$s to invest are better off investing the way he does now. He admits that if he had stuck to the "golden age" of used cigar butt investing, he wouldn't have anywhere close to the net worth he commands now. Investing as taught by Buffet, is simply about getting rich through ownership of carefully selected businesses, and holding. The investor is enriched from gains in intrinsic business value of the business, and not because they happen to be shrewd at flipping around small caps when it happens to be their turn under the sun. Don't forget that Buffet "flipped" Disney and AMEX back in the partnership days. Is anyone saying that he would NOT have been better off HOLDING those stocks? If anyone can point me to something that Buffet has written in the last 10 years that advises people to emulate the way he was in his partnership days, in effect countering what I have said, I would love to read it.

To: Daniel Chisholm who wrote (1522)	5/24/1999 11:42:00 PM
From: Fredman	Respond to of 4691

nah, what we will do is, i will post the final draft of what i am willing to do, and from the day it starts, ALL picks or things relating to the picks will be done via P/M, or 'normal' e-mail, for the simple fact that we don't need to pooh-pooh other people's ideas, as that is not what i want to do. We don't need more thread 'clutter' - you can talk amongst yourselves the merits of your choices, thoughts, or whatever, and P/M me what you decide, and i will post them publicly 60 days AFTER i am informed of your choices. My 'normal' e-mail address is Fredman@nfinity.com, and i am located here in Omaha Neb. Final draft forthcoming, we will start on Market close, June 1, to let all think for awhile.