Comments on: Warren Buffett is Buying Stocks http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:51:28 -0500 http://wordpress.org/?v=abc hourly 1 By: stockmanmarc http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/comment-page-1/#comment-126155 stockmanmarc Wed, 22 Oct 2008 23:35:48 +0000 http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/#comment-126155 Cheaplee, True cheap doesnt always equal growth, but I do think that VALUE=GROWTH and that Buffett is not saying that we are headed back to growth but a return to norm. This is almost the invert as 1999-2000 when everyone said its different this time. Stocks are simply oversold from a historical perspective. STOCKMANMARC Cheaplee,

True cheap doesnt always equal growth, but I do think that VALUE=GROWTH and that Buffett is not saying that we are headed back to growth but a return to norm. This is almost the invert as 1999-2000 when everyone said its different this time. Stocks are simply oversold from a historical perspective.

STOCKMANMARC

]]> By: Cheaplee http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/comment-page-1/#comment-126152 Cheaplee Wed, 22 Oct 2008 20:52:45 +0000 http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/#comment-126152 Cheap doesn't equal growth, but apparently Buffett believes the US economy is headed for growth. Few has predicted the extent of this crash, and I believe fewer can predict how long it will take to get out of this position. The past has shown the rise after such massive selloffs to be substantially longer, especially if there are no pockets of growth. Cheap doesn’t equal growth, but apparently Buffett believes the US economy is headed for growth. Few has predicted the extent of this crash, and I believe fewer can predict how long it will take to get out of this position. The past has shown the rise after such massive selloffs to be substantially longer, especially if there are no pockets of growth.

]]> By: Ed http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/comment-page-1/#comment-126080 Ed Sat, 18 Oct 2008 03:34:15 +0000 http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/#comment-126080 I am socking more in stock right now. I have at least 10 years to retire early and I think what I put in now will look great in a decade. I am socking more in stock right now. I have at least 10 years to retire early and I think what I put in now will look great in a decade.

]]> By: kitty http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/comment-page-1/#comment-126079 kitty Sat, 18 Oct 2008 02:10:41 +0000 http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/#comment-126079 I agree. Don't forget that he predicted both the internet bubble and the current one: In 1999 when everyone was busy buying internet stocks he said: "After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities... will eventually bring on pumpkins and mice". At that time everyone thought he was an old fool who doesn't understand the "new economy". He turned out to be right - we got pumpkins and mice.... Then in 2003: "We've found it hard to find significantly undervalued stocks. The shortage of attractively-priced stocks in which we can put large sums doesn't bother us. Our capital is underutilised now, but that will happen periodically. It's a painful condition to be in but not as painful as doing something stupid." Also in 2003, about mortgage-backed securities and derivatives: “financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.” In both cases he turned out to be right. Listening to him in 1999 and 2003 would've saved many of us a whole lot of money. A fascinating interview with him about the current crisis called "Wisdom of Warren Buffett: On Innovators, Imitators, and Idiots": http://discussionleader.hbsp.com/taylor/2008/10/wisdom_of_warren_buffet_on_imi.html I agree. Don’t forget that he predicted both the internet bubble and the current one:
In 1999 when everyone was busy buying internet stocks he said:
“After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities… will eventually bring on pumpkins and mice”.

At that time everyone thought he was an old fool who doesn’t understand the “new economy”. He turned out to be right – we got pumpkins and mice….

Then in 2003:
“We’ve found it hard to find significantly undervalued stocks. The shortage of attractively-priced stocks in which we can put large sums doesn’t bother us. Our capital is underutilised now, but that will happen periodically. It’s a painful condition to be in but not as painful as doing something stupid.”

Also in 2003, about mortgage-backed securities and derivatives: “financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

In both cases he turned out to be right. Listening to him in 1999 and 2003 would’ve saved many of us a whole lot of money.

A fascinating interview with him about the current crisis called “Wisdom of Warren Buffett: On Innovators, Imitators, and Idiots”:
http://discussionleader.hbsp.c.....n_imi.html

]]> By: Cale Nelson http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/comment-page-1/#comment-126076 Cale Nelson Fri, 17 Oct 2008 22:20:38 +0000 http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/#comment-126076 Warren Buffet is the King Solomon of our day. I think that his philosophies should be defined and broadcast to anyone that would like to listen. I am not surprised at all that he is investing so heavily in stocks. If he had the time, I'm sure he would be heavily involved in local real estate markets too. Caleb www.mefinanciallyfree.blogspot.com Warren Buffet is the King Solomon of our day. I think that his philosophies should be defined and broadcast to anyone that would like to listen. I am not surprised at all that he is investing so heavily in stocks. If he had the time, I’m sure he would be heavily involved in local real estate markets too.

Caleb
http://www.mefinanciallyfree.blogspot.com

]]> By: Donny Gamble http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/comment-page-1/#comment-126075 Donny Gamble Fri, 17 Oct 2008 21:34:16 +0000 http://www.fivecentnickel.com/2008/10/17/buffett-is-buying-stocks/#comment-126075 I think more investors should follow in Buffet's foot steps. Everything is at a astronomical level right now and there are a lot of great buying opportunities that present themselves. Most people think a recession is a bad thing, but if you are a true investor, you will beg to differ. I think more investors should follow in Buffet’s foot steps. Everything is at a astronomical level right now and there are a lot of great buying opportunities that present themselves. Most people think a recession is a bad thing, but if you are a true investor, you will beg to differ.

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