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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Sep 19, 1998 11:06 PM Flag

    Join me..........

    ......a very nice post....especially from a young
    person with a thoughtful mind. You are right of course,
    that a declining market will offer many buying
    opportunities.....but at what cost? Ask the guy that just got laid off
    and has a family to feed....ask the 60 year old
    secretary who just took a six figure hit in her
    401-K........ask the small businessman who's sweating making his
    payroll........ask the student that's just been told that there's no
    money for college now.....go to a farm auction and see
    the look on the family's face as they watch
    generations of work go for pennies on the dollar.........ask
    the mother who's going to have to get a job rather
    than be able to stay home with her young
    children.........These are the folks that are going to pay a price in
    human terms if we continue to have a steep market
    decline........Personally, I would rather have stable markets with
    sustainable growth. I believe WEB will be able to find good
    deals in a positive economic climate .........Best of
    luck to you in what I hope will be a long and happy
    investing career......

 
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