Wefwef

An Opportunity for Patient Investors - Barron's

10x current earnings is good value. But when the future 3 quarters income drops 20% each quarter, the good 10x value becomes a very not-so-good 17.3x earnings. And nobody knows when the bleeding will stop. There's no recovery hope in sight for all of 2009 now. Visions of 2011-12 recovery are looking increasingly realistic. S&P500 may well hit 400 before then.

Buffett and the Limits to 'Awaiting Better Times'

When the market tanks another 50% from here, Buffett doesn't lose much. He just sells a few BRK.A to cover expenses and waits more. Can you afford to do the same? Good for you if you do.

Stocks are reasonably valued right now considering expected earnings. However those earnings most probably will not stick with us till Q1-Q2 2009, at which time your past purchase now will seem much overvalued.

Buffett doesn't care, he's willed his moneys away at his death, doesn't stand to lose anything.

Buffett and the Limits to 'Awaiting Better Times'

Let's buy the market up now that Buffett's portfolio is loaded. We must make old Warren happy don't we.

Share Buybacks: The Anti-Buffett

Share buyback=time to sell after the spike up. It's the second most terrible thing after employee stock options. IMO both should be prohibited by law (Yes I am serious!).

Buying Berkshire

That's my point exactly, that we haven't heard much if anything about the younger generation of managers, it's all about Buffet and Munger. Thus the "next gen" is a huge risk.

Buying Berkshire

That's a big unknown as Munger is no spring chicken himself. We haven't heard much of the younger management. And after Buffet goes Gates foundation may start slowly realizing the shares Buffet donated. All downhill since $150,000 tops?