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Congratulations to dwot

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October 02, 2008 – Comments (2) | RELATED TICKERS: GE , GS , BRK-A

I've had my eye on her insightful wisdom for months - she sure deserves Top Fool honors.  In fact, she deserves to be running a hedge fund, although I suspect she wouldn't regard that as any kind of a compliment :)

She says, "Be careful - now is the time for highly conservative greed, not gambling."

I'd just add on: remember that you, the retail investor, can't get the kind of sweetheart deal that Warren Buffett can.  GE and GS are paying for a large infusion of Buffett's ready capital when they give him these favorable terms (common shareholder-unfavorable terms, I might add) - but they're also buying advertising.  They are buying Buffett's good name.  In markets wracked by doubt like this, symbolism sells - symbolism is worth a premium - and nothing says "good business in bad times" like the fact that Buffett puts money behind it.

Buy value now, if you must - but buy it only on favorable terms.  I don't think I'm quite there yet - I'm sitting on the sidelines in cash.

2 Comments – Post Your Own

#1) On October 02, 2008 at 5:21 PM, mysoftballcoach (67.71) wrote:

Agree.  Congrats to dwot!

Coach 

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#2) On October 02, 2008 at 6:03 PM, dwot (29.75) wrote:

Thanks so much.  That's an incredible compliment you pay me.

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