Forum Archive Index - October 2000

["hugh webber" <hugh.webber@clear.net.nz>]

excellent stuff.....trouble is that NZ is such a thin market
that you have to scratch for Buffett shares without having
all the necessary data but I still maintain its worth it becos
of the benefits of the imputation credits and its the easiest
way of avoiding overseas exchange level worries - stick to NZ
and NZ $'s. Its what an NZ $ buys in NZ that counts and you'll
find that a pound sterling in the UK only buys as much there as 
an NZ $ in NZ - or very much less in the case of petrol.

I mentioned the NZ port companies as being candidates for the
NZ Buffett list but Monsieur Krypt Or completely ignored my
comments - not sure why.
Sure there's a bit of competition from POT for POA but its really
pin pricking and in the long run POA will crush that.
I would think POA, POT, Lyttelton are all candidates and I notice
even tiddlers like Timaru have been doing well.
Lower NZ dollar, export boom...ports do well.
Higher NZ dollar, import boom...ports do well.
Bit like Baycorp does well in good times and bad...
And they have a local consumer monopoly....

One of my ignored comments was the requirements in Buffetology
for good management which Buffett spends considerable time
assessing. Sure its a bit hard to discuss management without
becoming libellous but there are ways of doing it....

cheers,
hugh


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