Important information about
If you've been following Xybernaut, you've already
seen this news story, mentioning Siemens, on Xybernaut
But have you seen this news story about Siemens? Is
this-- "AUGMENTED REALITY"-- what they are going to use
Xybernaut's Mobile Assistant wearable computer for? The
article mentions wearable computers. It's too much for
coincidence. My guess is that the two stories are related and
the wearable computer that they are talking about is
the planned ruggedized version of the MA IV Mobile
For more info on Xybernaut, see
Having Ron Ferguson on the board is a problem for
Gen Re. GEICO is a competitor of many of its clients.
In addition, National Indemnity, while making lots
of money, hasn't made many friends among Gen Re's
client base. Ferguson would be a nice addition to the
board, but potential downside/perception of conflict of
interest by clients outweighs advantages.
believe for a second that Ferguson is on the way out due
to Cologne Life Re/Unicover.
All the best!
I agree, the Jet was incredible - right out of
lifestyles of the rich and richer! It seemed to be
generating a lot of intereste and questions! I believe that
jets based on the mock up model on display will become
available for use in mid summer.
Met and talked to
lots of interesting people.
"The DOW will continue to defy gravity..."
Is this the type of statement made during a market
top? In any case Mr. Buffett is a more intelligent
investor than I'll ever be, which is why I chose to give
my money to him to invest. This way I can free my
mind and time to work hard at what I do.
those who question why he's holding cash and why he
doesn't buy internet stocks, I pose two questions. First,
when the market does suffer a downturn (and it will),
name the company that will be best prepared to take
advantage of the low prices? Secondly, since Mr. Buffett's
method of calculating the value of a company says
internet stocks prices are high, should he buy? (hint: buy
low, sell high)
Thanks for your response here's the
response to your point of view (POV)...
1. I agree
with you about internet valuations but you cannot
extrapolate that to the whole market
2. Why didnt
warren buffet used all his cash when the market took a
dip last summer for few days
3. As far why the
market went down last summer was probably because of the
LTM crisis combined with the asian and latin american
crisis which caused a temporary sell off .. but remember
it was so brief that if you walked out of the market
you would have lost out...
4. Also remember
the level of DOW at a given time is the collective
intelligence and sentiment of all players in the market place
and that can be different than what you, me or warren
5. My main question to you is why
didnt warren buffet used his cash when market took a
dip last summer and why is he screaming now that the
market is over valued.. there is a disconnect.. and
please note i am not talking about internet stocks ..
because at any given time a small segment of the stock
market may have a euphoria and another segment may have
a depressive phase built in... for example gold
stocks are depressed.. you have to look at the whole
6. By the way i am a fan of Warren Buffet but even
the legends cant be right all the time...even he
agreed that he made a stupid mistake of selling stocks
of McDonalds which doubled after he sold... so i
think one has to be careful with what others say and
look at the bigger picture.. no one person has all the
answers... Warren doesnt have a single cent invested in the
high tech market.. on which america's future is being
built.. but that's ok too.. because he doesnt have to
have all the answers..
Again look at the bigger
picture United States is the supreme economic and
industrial power and our economy is growing at a tremendous
rate with virtually no inflation and productivity rate
is up ... all this means... economic marvel.. thanks
to Alan Greenspan and the incorporation of high
technology and the information super highway/ internet
...The DOW will continue to defy gravity... agreed we
may see temporary pull backs .. but the future is
very good ... so sit back and enjoy the
Thanks for your pov and if you would like to add to this
will be great
Was a great day in Omaha. 15,000 in attendance,
and myself. Loads of questions. Bumped into
M.Eisner(Disney), I live in Lincoln (50 miles away). Warren and
Charlie scarfed down several Cokes, Warren his regular
Cherry, and Charlie Diet Coke. Also had quite a bit of
peanut brittle. I got jealous so I had to buy some on my
way out. Was real good. Shareholders from all over,
Australia, England, and all the states of America. Lots of
questions asked, mostly Warren answering, Charlie
participated some, but Warren knew what he was talking about
all the time. I'll be back next year that's for sure.
Coke logo's everywhere, Free gift was a Coke bottle
with commerative logo Berkshire Hathaway meeting 1999
on it. Enjoyed seeing the Exe Jet, wow just one ride
would be enough for me, beautiful. Only problem was you
have to buy a min. of 50 hours a year. Little over my
budget. Great Time, I loved it. Best!
From the TV and news articles it looked like
there were some Big Investors there. Eisener (from
Disney) was even there.
Here' a quote from the
article I posted:
"Carr is betting the stock will
do just fine for years. His firm bought more shares
last year and now has about 10 percent of its $2
billion in assets invested in Berkshire, the highest
ever. Carr said the stock is worth well over $100,000 a
Class A share. Berkshire Class A shares closed today at
Buffett amassed a stock portfolio and group of businesses
that will hold up for years, said Shelby M.C. Davis,
chief investment officer at Davis Selected Advisers
L.P., which manages $20 billion in New York. ``The
older he gets, the smarter and wiser he gets,'' Davis
said in the halls of Aksarben Coliseum, where the
meeting was held. ``If somebody was succeeding him, they
might just look for opportunities to add'' to the
company's existing stockholdings."
One of the articles that mentions an investior
viewing Berkshire A shares intrinsic value as being