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#1 |
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Administrator
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Location: Texas Hill Country
Posts: 11,606
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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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#2 | |
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Thinks s/he gets paid by the post
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Posts: 1,503
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Re: Warren Buffet
Quote:
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If you do what you've already done, you'll get what you've already got- - - -< |
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#3 |
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Thinks s/he gets paid by the post
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Posts: 2,583
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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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No man is free who is not master of himself. --- Epictetus Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo |
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#4 |
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ... ![]() ![]() ![]() ![]() ![]() ![]() ![]() Join Date: Dec 2003
Location: Losing my whump
Posts: 22,527
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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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Many an optimist has become rich by buying out a pessimist |
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#5 |
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Full time employment: Posting here.
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Posts: 784
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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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#6 |
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Thinks s/he gets paid by the post
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Posts: 1,653
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Re: Warren Buffet
We need a one-armed economist. "But on the other hand.."
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Resist much. Obey Little. . . . Ed Abbey Disclaimer: My Posts are for my amusement only. |
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#7 |
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Thinks s/he gets paid by the post
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Posts: 2,834
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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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Duck bjorn. |
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#8 |
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Moderator Emeritus
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Location: Oahu
Posts: 15,734
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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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* * For more info see "About Me" in my profile. |
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#9 |
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ... ![]() ![]() ![]() ![]() ![]() ![]() ![]() Join Date: Dec 2003
Location: Losing my whump
Posts: 22,527
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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.
__________________
Many an optimist has become rich by buying out a pessimist |
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