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Warren Buffett
Old 03-04-2006, 03:05 PM   #1
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Warren Buffett

Buffett: caution ahead
The Oracle of Omaha sees modest growth for stocks...

By Shaheen Pasha, CNNMoney.com staff writer
March 4, 2006: 9:44 AM EST

NEW YORK (CNNMoney.com) - In his annual letter to Berkshire Hathaway shareholders, released Saturday, billionaire investor Warren Buffett said he made few changes to the company's stock holdings but cautioned investors that the portfolio's returns may be modest over the next several years.

Buffett said while the company stands by its major holdings -- all "strong, highly-profitable businesses" -- current valuations aren't cheap. He said the group may double in value over the next 10 years with average annual per-share earnings gains of between 6 percent and 8 percent. Stock values, he said, will likely match that growth.

As for the overall stock market, Buffett braces investors for more modest returns to come, citing increased "frictional" costs that eat away at performance. These include costs related to trading, advice and money management.


http://money.cnn.com/2006/03/04/mark...ex.htm?cnn=yes
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Re: Warren Buffet
Old 03-04-2006, 03:10 PM   #2
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Re: Warren Buffet

Quote:
Originally Posted by REWahoo!
Buffett: caution ahead
[b] increased "frictional" costs that eat away at performance. These include costs related to trading, advice and money management.[/i]
Trading, advice and money management.* hmmmmmmm, I'm thinking he could eliminate 2 of 3 if he spent more time on this forum
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Re: Warren Buffet
Old 03-04-2006, 03:23 PM   #3
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Re: Warren Buffet

To use a meteorological analogy, he basically forecasted the financial weather to be partly sunny (or partly cloudy if you want to look at the glass half full).

What else would you want him to say? Expect double-digit growth for the next several years? Expect zero returns or negative returns in the next few years?
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Re: Warren Buffet
Old 03-04-2006, 05:56 PM   #4
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Re: Warren Buffet

Even better, if his investors GET zero, he can say "well, I said it wasnt going to be that great", and if they get double digits, he can say "well, its better than we expected...any complaints?"
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Re: Warren Buffet
Old 03-04-2006, 06:02 PM   #5
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Re: Warren Buffet

He should start a second career as an astrologer...

Oh, no, wait -- he can afford to retire, so I guess he shouldn't go back to work, but he could always do it as a hobby......
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Re: Warren Buffet
Old 03-04-2006, 07:00 PM   #6
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Re: Warren Buffet

We need a one-armed economist. "But on the other hand.."
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Re: Warren Buffet
Old 03-04-2006, 07:15 PM   #7
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Re: Warren Buffet

Humm... my grandmother's crystal ball predicts pretty good this year, down turn for stocks next 2-4.

Anyone in the commercial trucking business? Graph out orders for new trucks next 3-4 years. Right now the industry is stocking up because of new requirements that will increase the price of vehicles more than a dime or two. Two years after those requirements are effective yet another set of standards are effective.
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Re: Warren Buffett
Old 03-04-2006, 08:08 PM   #8
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Re: Warren Buffett

Here's Warren Buffett's 2005 letter to shareholders.

I like his explanation of the "Gotrocks" hiring "Helpers" on page 18.

Nah, I won't be going to the annual meeting. Too crowded. I'll wait for the photos.
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Re: Warren Buffett
Old 03-04-2006, 09:31 PM   #9
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Re: Warren Buffett

Eat at dairy queen, have some see's candy, check your geico statement online and look at some jordans furniture...just about as good.
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