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Berkshire Hathaway Inc. Message Board

  • zincksink zincksink Jan 2, 2004 1:51 PM Flag

    Who was babyb's basher?

    Well, there are no babyb bashers because to bash babyb is to bash GOD. But...

    ...this old fellow called dealraker said that buying Merck at $65 was not a bargain as babyb repeatedly said. He bought Merck (and wrote so) at $44 and said "this is a fair price." But, again as the stock rose babyb and her famous strategy of "buy high and call it a bargain" --- called for the expert lady to shout "BUY" again as the stock was at $60 or so.

    But there again, babyb has figured out how to beat me, and everybody else, by buying stocks at higher prices that we do. So, you can't argue with the psychology on this board.

    However, you can do elementary math which isn't good for the cult of babyb.

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    • zincksink ...

      I'm no MRKholder, but imo both you and the pro-MRK faction are ignoring the basic wisdom of Peter Lynch, approximately: "Just because the stock goes down, that doesn't mean you were wrong. Just because the stock goes up, that doesn't mean you were right."

 
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