Tom B

Some Advice from Warren Buffet for Difficult Times

I agree with the first two posters. In my view, Buffett may have been more lucky than smart. I LIKE the idea of "buy and hold forever", but there are SO many former Wall Street darlings that have been unable to adapt to the 21st Century and are slowly going the way of the Dodo bird: Dell, Microsoft, GM, Sony, Ford, Verizon, Motorola. Maybe PFE-- I hope not; I hold some. In this century, nimble is the by-word. Serve no wine past its time; hold no stock past its prime.