On Thu, Sep 18, 2008 at 11:30 AM, Gruss Gott <[EMAIL PROTECTED]> wrote:
> No. You're not getting it. > > Short term = sell today. Long term = sell 20 years or more from > today. Buffett = never sell. But he DID 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. Got it. It means nothing. Oh, wait, it means that the stock that Buffet sold was worth less than if he had waited a few weeks. 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. But he DID sell....what kind of reality disconnect do you have here...? What Buffett's move says is that he has no confidence in the *LONG > TERM VALUE* of the company under InBev management. Yes, I understand that. Why didn't he sell it for $70 instead of $50? 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. I wouldn't sell it either. -- Just once in his life, a man has his time And my time is now, I'm coming alive ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:269961 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
