Dividends have been a way to show that earnings are real. That there is money behind those earnings. |
Easy come easy go on the Nasdaq. |
Gen Re is an important part of Berkshire. I think Warren would be the first to admit that he didn't know all the problems of Gen Re when he bought it [in 1998].... There clearly is no ethical issue involving him. |
He's obviously a very bright man. He looks at things very rationally. He doesn't like to get his emotions involved. |
His rating is a negative for the market. He has been a stock market-friendly president in terms of legislation. |
I don't think (tech stocks) are cheap. But they are closer to true value. |
I think that certainly this preoccupies us today, but I think the economic factors are overriding when considering the direction of the market. |
I was looking back on when Nixon resigned and actually the market held up very well around those days. It began to tank actually after Ford came in as president and the economic news began to dim. |
If he is smart, he would put this aside completely until the cycle of Fed tightening is over and a clear path can be seen ahead. The Fed has gone 90 years without it. It can go another nine months. |
In our modern, connected world, there are fewer reasons for close proximity for those involved in the financial markets. |
It's a watershed of an event. |
Relative to the $7 trillion mutual fund industry, it's very little money, maybe one or two percent in returns. |
That's very frustrating, but earnings are still what it's all about. Investors look at annual performance, and they're not always patient to sit with a company for a long time. |
The economy will start screaming uncle eventually. |
The market is taking any minor shred of optimistic evidence and putting it into the price. People are worried that they are going to miss out on the bottom. |