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[sharechat] Buffett has got more money than ideas.....

From:	"Peter" <pmaiden@today.com.au>
Date:	Fri, 17 May 2002 21:25:36 +1200

Snoopy / Hugh and other Buffett admirers.

Warren is having trouble finding value in an overpriced sharemarket. 
Much the same problem I am having at the moment.

>From an e-letter I get:-

"No less an investment luminary than Warren Buffet - when addressing 
the faithful at the recent Berkshire Hathaway shareholder meeting in 
Omaha - conceded that attractive stocks are hard to find these days."

"...the enormity of Berkshire's $36.5 billion bond portfolio was 
testament to the 'lack of value in the [stock] market.'"

"Buffett said there had been times when he had more ideas than money -
the mid- 1970s, for instance. 'Now I've got more money than ideas.'"


Cheers

Peter

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