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National Presto Industries Inc. Message Board

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  • pmlljl pmlljl Apr 9, 2005 12:22 PM Flag

    Salton

    no slappz: It is all about the people you choose to partner with. Dividends or not, Warren Buffet is not going to take advantage of his shareholders and he is not going to do many dumb things. In other words, he can be counted on to do things for the benefit of all shareholders and in a major way. He is not possessed of the Trump-Posner gene.

    These other outfits you are talking about, just by their position of being in bankruptcy, have major questions about the ability of management or its diligence in working in behalf of the shareholders. I do not wish to partner with people I do not trust. I didn't always operate this way. I used to make all the mistakes in the book. I went up and down in the market-make money and give it back. Since I became more selective, I have become much more successful. Surely some of it was due to the bull market and the investors switch to dividend paying value stocks, but I do not want to go back out with the tide.

    Have you ever read Berkshire Hathaway's annual reports? The letters to shareholders are the best things ever printed about investing. If you are interested, they are available on Berkshire's website. I highly recommend them. They are free and they go back many years. His analysis and explanations of many things has helped me greatly. I highly recommend them.

 
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