Y2k will probably be a non event after the 1st.I
consider myself a normal individual an not an extreamest.
Agreed, The insurance is cheap now. I have bought a
generator(always nice to have, I used it at a class reunion picnic
2 months ago) so I have lights, and can run my well
pump. Also have been storing Spam and Dinny Moore (they
have an indefinate shelf life) well as canned
potatoes. These can be used anytime,so it is not something
we can't use anyway. Also have a 2 week supply of
k-rations(slightly crazy, I know, but I can use these for camping) a
good old 12g shotgun, a couple hand guns, and an
Russian AKA, topped of with plenty of ammo.(We hunt and
belong to a target club so we use this stuff for
recreation) My point is that here in the Northeast they clear
the shelves of bread and milk, just when we have a
threat of a snowstorm. How about the crap in LA a few
years back, people in that so many block area were on
there own for days,no police would go in, so think it
couldn't happen?-- back in 72,looting of the Wyoming
Valley,Pa. took place when Agnes caused the local dikes to
break. I don't consider myself to be a nut - this stuff
comes up in conversation with lots of local people who
come in my place of business, many say, "oh, you got a
generator,(yes I got it for the business is my response) well I
got this and that they say ......Lotsa of my
neighbors are preparing, but don't talk about it much for
fear of being labeled crazy person. My advice is to
buy stuff you can use anyway, just buy it a bit
early. ...... Definition of real crazy: I know guys
around here that are afraid the government will take
their guns, so, thay bury guns in pvc pipe on other
peoples property, just so they have access if need be.
Now that is indeed the measure of sickness I gauge my
own actions against! Later Jim
You can think of brk.b as a mutual fund with a
manager with a real good track record. Think of it as a
consetraded fund with not to many stocks. Buffet works by
making big bets for the long run. This is take advantage
of compounding of interest on the turns. Thinks of
it as a mutual fund that does not pay out
distabutions. so you don,t have to pay taxes on them. As far as
the chart goes 2000 has been support for brk.b. In
terms of relative strength Brk.b is out of favor.
Buffet loves coke I think its a great company the kind
he wants to own. Brk.b is usualy in favor. Ko is
usualy in favor. They are not now. usualy it is better
to buy things that are out of favor it you are
looking at it from the longterm. I like to ballance my
holdging in brk with some big teck names like msft csco
sunw wcom exc.
It is not for short-term holders or those who
play earnings reports per quarter. but those type of
people are not looking at this board are they? Fairfax
and Berk are very similar with the exception that WEB
has a better following and the US media has done a
better job of PR for him. Even in Canada many
journelists and advisors don't know Fairfax or Prem
Seriuos investors only check out the 1998 annual report
www.fairfax.ca or call the company.
BUY YOU HAVE TO GIVE
IT AT LEAST 3 TO FIVE YEARS MINIMUM OTYHERWISE THIS
COMPNAY WILL JUST UPSET YOU. i PREDICT $1,000 PER SHARE
BY 2004 FROM $225 TODAY. I OWN 1000 SHARES OF FFH.
I bought brk as a long term
investment (10 years or more). Wish I had bought the b
shares when they came out at $900. I own a number of
risky nasdaq stocks. Now I am looking for stocks for
the long term, as well as "bargains".
mention FFH.TO as "complex". Any stock down 66% in a
legit co. peaks my interest. Why is it down 66% Please
share more info. It sure looks like a bargain
If you look at charts of Ko G for example they
look alot like the brk.a chart. A great time of up and
then a long time of consolidation. That is what we are
in now. If you are a recent shareholder you may be
unhappy. The stock may break even more. Given that it is
behind the S and P. Alot of value funds have
underpreformed in the last few years. If you are thinking of
buying you may want to watch. If it goes down more. That
could be the best time to buy. When most people don't
want to. Thats how buffet has done so well. But since
the the S and P is so high relative to historical
norms. There may be alot of market risk still even
though it is down. The best case would be that the s and
p and brk drop. Then that would be the time to buy.
I have a significant amount of BRK shares.
Despite the fact that they have recently taken a beating
I have confidence that Mr Buffet and Charley Munger
will, in the next year, get the stock back on track. I
don't agree to your comment that Buffet has missed the
NEW ERA. It is important to note that success in the
NEW ERA ultimately trickles down to stocks BRK owns.
At this point I am looking for a bottom at which
time I intend to buy more. I am amazed of your poorly
selected rhetoric criticizing Buffet in a NON CONSTRUCTIVE
manner. Please be aware that BRK and stockholders are
high class investors. Suggest you try making your
comments from the floor during the next stockholders
meeting in Omaha. Warren and Charles Munger will bite you
off, chew you up and spite you out in about 10
seconds. A person like you should be in "T" Bills.
Fairfax is an investment the limited investors on
this board should avoid like the plague. It is a
complex and gut wrenching business that momentum and
quarterly earnings people will not be able to
Avoid it completely. I've owned it for some time and of
course now is a good time to increase your
If you are a long term owner you need to understand
that the terrific fluctuations in the stock price are
one of the chief reasons you have done so well. Watsa
simply buys back stock at cheap prices and sells the
same stock at the high prices.
Over and over
again naive investors state that this time it is
different, that the company is going to fail. You'll read
that here too.
Investors without knowledge or
confidence should avoid stocks like Berkshire and Fairfax
because there is nobody out there to write bullish
analysts reports to prop up the stock price.
He's a pitiful investor who has completely missed
out on the "new era" economy. He's lost in the past
and his General Re purchase will haunt Berkshire for
the rest of his measley life.
you are right.
Unfortunately, I've found
through the years that just when I make such enlightened
observations, it is time to buy the stock.
And, big boy,
I just bought shares. And in the end it will be
mine and your opinion that we look back on as stupid
as living hell.