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Berkshire Hathaway Inc. Message Board

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  • markot markot Sep 4, 1998 6:50 PM Flag

    Is BRKA a Good Buy? A historical perspec

    Sure BRKA is a better buy now than it was when it
    was $20K higher.
    But the problem is that when it
    was $20K higher everyone was thinking of buying BRKA
    so it was "perhaps" safer to buy because of upward
    momentum (with an appropriate downside price stop).
    the problem is that everyone is selling and it's not
    at all clear when or if we've hit the bottom yet.
    Momentum is now down
    in BRKA. I would recommend
    WAITING to buy till downward momentum has clearly stopped
    and upward momentum has clearly started.

    famous quote from a very successful stock investor is as

    I never buy at the market bottom or sell
    at market top.

    My quote is that in the stock
    market bulls can make money and bears can make money but
    pigs can lose all their money.

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