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White Mountains Insurance Group, Ltd. Message Board

  • dickinheat dickinheat May 27, 2004 2:42 PM Flag

    Shareholders

    Gotta love the way Mr. Barrette talks about how Mr. Buffett's exercise of his warrants will allow "many opportunities to put capital to work for the benefit of all shareholders." As if too many individuals, other than the executives of the organization itself, can actually afford to own much WTM stock and thereby benefit to any great degree.

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    • Terrible how those poor folks can only buy 100 shares of a $5 stock and not one share of a $500 stock.

      Damn shame. Life sucks, huh? Must be management's fault!!!!!!!!!!!!!!!!!!!

    • Dick,

      I'm 25. Neither of my parents are wealthy and I have not won the lottery (because I don’t' play it), yet I am able to afford WTM stock. In fact, I also own Berkshire Hathaway. (I am not bragging.)

      Figuring out ways to buy these stocks isn't hard. You have to live below your means, save like you'll need every penny tomorrow and buy when you spot value.

      Most people I know who "can't afford" things or "are always having trouble paying their bills" are in their position because they live for the day. That idea sounds great, but in the long term it makes for a very hard financial life.

      I heard a great quote today, I hope you'll like it.

      "Life deals you five cards, you can either play the ones you are dealt or go back, pick up the deck and find the hand you want."

      Most people choose the former because in the short term it's easier but, like several knowledgeable posters on this board, I'm in life for the long haul and have actively chosen the latter.

 
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