> JJ wrote: > 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. >
Well of course that's not true because it's not black and white. It's true in general. For example, Buffett says the airlines is the worst investment he's ever made. He's also an insurance owner - a very hand-on industry right now. But, in general, he buys things like Coke, Gillette, Dairy Queen, et al because he believes in them long term. But, hey, shit happens. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:269963 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
