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Sorry to hear that you are down over 25%. (if you
held on) But, let me add that we are all down 25%,
regardless of when Brk was bought. Those who bought when Brk
was say, $10,000 still lost over $20k per share from
the peak. Most would counter that they are still up
$50k, and have nothing to worry about. But this is
simply not true.
No doubt, through hard work,
you saved $60,000, (probably more). But since you
have only one life, you will never know if you could
have saved more by making better
career/educational/social choices earlier in life. You can only wonder
where you would be now had you pursued a PhD or an MBA
or even professional golf.
taking a different path 10 years ago. You are now a
professional belly dancer, touring all of South America. You
are famous and enormously wealthy.
you did not take the belly-dancer fork in the road,
you lost big time! An opportunity that cost you say,
5 million. In that respect a $20k loss is chump
change. You've already lost $4,940,000. What's another
$20,000? (I know it doesn't feel that way though, because
you have to make a living with what you have...
that's why they say invest only risk
Even Warren Buffet says his biggest mistakes are
errors of ommission...
If it'll make you feel any
better, look at Greg, AKA Napart, AKA YKWTFIAM (You Know
Who The Fuck I Am).... he down $100,000 from the
peak... and has been mysteriously silent lately. Greg,
You still there? :-)
I am tired of being called names, freaks and
I am tired of being told that baby investors are
Please kids. Let's all respect each other.
Warren works every day. I work every day. You work every
day. We all invest..let's have respect.
Problem is, some people don't work!
posting their message on this board are
non-Gates types of surfers,
nothing to do, surfing in
on company time, while their boss is
BTW, these people aren't genuine
they are just trying to .... I don't
know what their
purposes are, I don't need to waste
Our country will
see her GNP leapfrog
if these people will wake up
and DO SOME REAL WORK!
Lets wait until a stock gets to its all time
high; buy it; then cry like a little baby and (worse
yet) blame somebody like the chairman for the stock
I'm wondering exactly how you
expect Warren Buffett to reach out and help you? Well...
how can he?
Buy a box of tissue and go away.
Not for 3 months (a long term period for someone as
immature as you) but about 5 years. You will very likely
make a nice amount of money.
But, of course,
you want your money now. Just like the kindergarded
twins I have at home. They think 5 seconds is a long
time and they blame me when they are
Come to my house. You fit in nicely.
No one is ever happy when the stock tanks big
time. I know you said you got in at 84. I'm
Since I invested a while back, this just looks like a
real correction to me. While I don't like it, my
percentage gain is still substantial the last couple years.
I wish I knew how to predict the market
turnarounds better. I would have been out day 7 of the
turndown. All I know how to do is buy and hold just like I
really own the company. Isn't that silly? When I did own
a company, I held on in downturns so I could make
money in upturns. Again, I must be silly. It did work
without fail though...hmmmmmm..
Do you have any capital gains to absorb your
paper loss? If so, take the gains and use the proceeds
to buy the same number of BRK.A shares. More than a
month later, sell your original "A" shares.
you have no capital gains to absorb your paper loss,
please hang on to your original "A" shares. Then, look
back 10-15 years from now.
I went through the
later episode during 1987 ("A" dropped >50% intraday
from my latest purchase price!).
Best of luck,
I'm glad to see that you're still around! I want
you to know
that I bought at the same time you
did. So far, I've seen a
25% decline. However, what
can you do? The entire market is
may not mean much, but I FEEL YOUR PAIN--
me I do.
I'm just looking at this from the long
perspective. In 10-15
yrs. this should provide a much
better return than my
I just wanted to express some encouragement to a
investor in the same boat.