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-----Original Message-----
From: Dark Hacker <hacker@xxxxxxxxxxxxxxx>
>You wrote:
>Speaking of Mister "Hold on to everything forever", Warren Buffet
>is getting beaten up right now on these market nose dives. Owns a
>lot of Coca Cola I hear. Remember some time ago he proclaimed the
>market as overvalued? He probably figured this would happen and yet
>he *still* hung on. Amazing!
>
>- Hackster
Actually, he didn't hang on. Back in June, James Grant titled an issue of
Grant's Interest Rate Observer, "He Sold Without Selling". It described how
Buffett's recent acquisition of a large insurance firm effectively reduced
his equity market holdings by 20%.
Chris Carolan
http://www.calendarreserach.com
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