So, what I am hearing and understanding is: that overall philosophy CANNOT care about short term differences in price.
He ALWAYS keeps stocks he believes in, and ALWAYS sells stocks he doesnt believe in. And doesnt worry about price today vs next week in either case. On Thu, Sep 18, 2008 at 12:30 PM, Gruss Gott <[EMAIL PROTECTED]> wrote: > > gMoney wrote: > > So he was gong to sell the stock anyway > > No. You're not getting it. > > Short term = sell today. Long term = sell 20 years or more from > today. Buffett = never sell. > > If you didn't sell BUD after the sale you haven't made anything. The > 40% number is meaningless. It means nothing. It has no value. no > sale = no money. > > So won't Buffett sell eventually as a long term investor, you ask? > No. Here' why: > > Buffett uses equity value to buy companies. He rarely sells and has > plenty of capital. That is, Buffett doesn't need the capital. He's a > whole different kind of long term investor - the infinite kind. > > You and I, however, do need the money thus we will sell - at some > point. That is - today - or 100 years from today. > > What Buffett's move says is that he has no confidence in the *LONG > TERM VALUE* of the company under InBev management. > > And I don't have to spin it any way because either way I'm not selling > my Berkshire. I'm confident in it's long term value. I'm just > explaining to you the concepts and reasoning. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:269959 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
