Forum Archive Index - October 2000

[Brian Gale <brigale@i4free.co.nz>]

At 04:26 08-10-00 +0000, you wrote:

>Brian G. I don't see how just because shares have gained in the last 9 
>months that they would somehow qualify as Buffett shares?
>

They might not qualify according to the Buffett formulae, but the list 
includes some pretty sound companies which I thought would be a starting 
point e.g AMP  ANZ  LNN  FAP etc. At least these companies have gone 
forward in the last 9 months and anyone holding them would be showing a profit.

Correct me if I am wrong but isn't  long term investment a fundamental of 
Buffett ?

So having picked your 4 or whatever you then sit back for a few years and 
await the outcome, showing great patience as the prices move up and down. I 
am not decrying this as I believe
the  reasoning is sound and many investment advisors follow the same basic 
idea.

My problem is how this appeals to the many on Sharechat who are really 
traders rather than investors.
There is little excitement in being a long term investor as great patience 
is needed above all else.
There is much more excitement in latching onto the latest hype stock which 
has the potential for a big gain

BG


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