Mandeep

Ya... Remember how templeton got started: he bought $100 worth of every stock trading under 1 buck including the bankrupt ones and made 10 times his investment in 5-6 years. That's damn good! Anyone buying GM, F, AIG, ETFC, C?

Thanks to all, It makes sense and I will make these changes... Broxburnboy, how much further do you expect it to go down? I will not purchase at 1 time, but I didn't think you could get any lower of some of these financials. GE went 6 bucks, AXP went to 9, and I believe wells was at 7.50. If this is not the bottom, the next stop may be zero for these select financials. Don't you think? I agree that some may be more expensive, but one can always purchase at different times, averaging their position down.

Gals and Guys, I'm setting a goal for myself for the next 8 years. I would like to invest in depressed but great companies right now. I want to triple the money that I'm putting in. This seems pretty possible if you take a random stock like USB. If this stock goes back to 9ish it is not unlikely to see it trading at 27 or more in the future (I believe it was a $35 stock before this stuff hit). I'm using this as my average. I would like my portfolio value to be $400k by 2017, which means I need to put in $133k, or $17k per year (not taking account that the market might go higher before I can put the whole $133k in). These are my picks: AXP, GE, WFC, BAC, SWECY, DIS, COP. Any others you guys recommend? Do you guys think this is possible? Any other thoughts? Thanks, Mandeep

This thing has had quite a run! 10.30 again and I'll buy, buy, buy.

Wow.. that meeting didn't help the stock price at all. Management was touting it for like 2 weeks. Oh well. If GE gets to 7 again, I'll be buying. I really like it long-term and I think they will continue to be around. It's a $30 stock selling for 9 b/c of fear. Thoughts?

I hold: USB, CHK, BAC, HUN You?

Why isn't Berkshire averaging down any of their positions for those that they own less than 10% of?

Lehman brothers in the month of Sept. and refusing to sell as it went down from 14 to 7 to 5 to 3 to 50 cents. My rational was that Soros put money in there. Conclusion: he lost $900 million I actually made money on GM before that. At that time, I was in the mindset that if I had a little bit of money, there was no money to be made in great companies b/c they were so expensive. I ended up waiting. Luckily enough, I was able to get into to US Bank at 8.62. I missed the boat on GE though. Guys, does Berkshire still own Bank of America?

My friend and I were discussing the same thing and that's why we were buying stocks right now. Don't you guys think that a good way to combat inflation?

ya, looks like they didn't get the whole vid. thanks for the link though.

It seems like a good deal... Buffett bought at 80 and he put more down to get a total 20% stake with convertible to common, right? I think he really likes this company, compared to Vulcan, TIF, HOG, etc where he wasn't really interested in the equity. I was going to buy if it went under 10 bucks, but it never did. What warrant price did buffett get? Thanks, Mandeep