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To: Daralundy

As a long-term holder of Berkshire Hathaway shares, I am pained by Warren Buffett's political leanings, stance on the dollar/taxes and partial ownership of the Washington Post. Yet, Mr. Buffett has many redeeming qualities.

However, BRK reported this month that it has reduced its foreign currency holdings to $16.5 billion, from $21.5 billion three months earlier. A recent visit to Europe makes me a staunch dollar bull.


4 posted on 11/23/2005 5:57:38 PM PST by CreviceTool
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To: CreviceTool
Well, I don't have your financial knowledge, and I certainly don't have a large portfolio, but it seems international economics still has a modicum of underlying common sense.

The EU is failing, due to its inherent socialist base.
One wonders if many of the "investor class" have already forgotten the lessons learned from the recent dotcom bust.

Got a product?
Who wants to buy it?
What is the actual profit margin?

Seems to me lots of people with more money than sense forget to get answers to the three basic questions, while they indulge themselves in a quest for power outside of their investment capability.

It seems once some people attain a certain degree of wealth, they get bored, and seek power instead.

Eventually, they get what they deserve, in a democracy.
If not smacked back down, at least relegated to living an unhappy life.
Kharma is an awesome force.
Thank God.
10 posted on 11/23/2005 6:24:08 PM PST by sarasmom ("The French are revolting." Some phrases are true on so many levels, it's mystical!)
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To: CreviceTool
Yet, Mr. Buffett has many redeeming qualities.

I hear he's a good dancer for an old guy.

16 posted on 11/23/2005 7:11:29 PM PST by Stentor
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