Berkshire Hathaway Inc. Message Board
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Foreign companies and BRK
......."I don't feel like investing into this
kind of bullshit. I contemplated investing into some
Russian companies with P/Es of 2 (that's TWO) or less,
unless I realized two things:
1) No one knows
what the true E is
2) No one know how much of that
true E will be stolen or diluted by management, or
wasted by the unpredictable government. I did not know
how much but I knew it was going to be "a lot".
Enough to make me uncomfortable. And I do like to be
comfortable and easy going."..................
What
can one say about Russia?......they managed to fail
at both Communism AND Capitalism..........this
summer the IMF pumped $50 billion into Moscow to
"stabilize" the country........and then I'll be
damned......$50 billion mysteriously flows out of Russia into
Swiss banks.......the beat goes on.......-
...why not?
I bought some GAZPROM
now.
Analysts say it is 750 time cheaper as
EXXON!?
German Ruhrgas AG has a stake of 2.5% now and and an
option up to 4%!
Maybe it is a new MSFT during
the next ten
years.
Regards
Manfred, Germany- 2 Replies to weissma
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By:�weissma
Date:�Feb 25 1999 4:53PM EST
...why not?
I bought some GAZPROM now.
Analysts
say it is 750 time cheaper as EXXON!?
German
Ruhrgas AG has a stake of 2.5% now and and an option up
to 4%!
Maybe it is a new MSFT during the next ten
years.
Regards
Manfred, Germany >>>>>>>- -------
------- ------ ------- ------- ------- ------ -------
---------- --------- --------- --------- -----------
----------- ---------- --------- -------- -----------
-------- ----------> Sounds like a good company. One
question I would ask, are the workers geting paid? I hear
there's a lot of that going on over there. I'll say that
would bring down the cost. >>>>>-- ----
------ ------ -> Now to the next question, somebody
asks you for money, give it to them. What's money for?
What are friends for? Just give it. They'll love you
for it. You'll love yourself for it. So they don't
know how to use it, who cares. Just give them some
more. Oh! you can also get through to them that your
grass needs cutting, and the house needs cleaning,etc.
I'm sure a good friend would like to help you out. -
........I wish you well with your Russian investment.......They have asked Clinton for money to fix their Y2K problem and I believe he's going to give them $2 billion......
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Actually I think that Russia is doing better than
it seems to you. It is just that the minority
investors will get screwed no matter what. But capitalism
actually works there pretty well, given the short time it
had to develop. A 100% owner of some businesses is
likely to do reasonably well in the long run.
I
agree though that lending money to Russia is stupid.- 1 Reply to ignoramus_
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""Actually I think that Russia is doing better
than it seems to you. It is just that the minority
investors will get screwed no matter what. But capitalism
actually works there pretty well, given the short time it
had to develop. A 100% owner of some businesses is
likely to do reasonably well in the long run.
I
agree though that lending money to Russia is
stupid.""
I agree with your last statement. Almost all the
IMF (read: U.S. taxpayer) money doesn't stay within
the Russian borders for long - it's whisked thru the
banks and out the country by the corrupt capitalists
who have anything but the long-term interests of
Mother Russia in mind. This is why Russia is bankrupt.
Resources just don't make it thru the system to enable the
building of the infrastructure necessary for a thriving
market economy.
True, business ownership can be
very profitable but only in places like Moscow and
even there you've got to grease the Russian Mafia
which is alive and well. Moscow, where the ruling elite
live very affluent lives, is the exception not the
rule. Out in the countryside (Russia has, what, 7(?)
time zones) people have zilch.
JJM
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