Replies to post #3656 on AMD strictly moderated (AMD)

[mmoy]

> Buffet is weird.

Perhaps by modern standards. But a lot of what he extolls was
plain and simple common sense in the US many years ago. Saving,
frugality, not paying CEOs massive amounts of money relative
to their employees, honesty, transparancy in accounting and
buying things when noone else wants them.

Berkshire Hathaway has tried to keep Fruit of the Loom operating
in the US but they announced some big layoffs recently as they
can't compete with Asian manufacturing.

So he's going to do more buying of companies internationally.
He says that it's hard to find companies to buy in the United
States with reasonable valuations.

I'm pretty sure that most semi companies do not fall into the
category of stuff that he likes to buy. Things like stock
options and paying CEOs rediculous salaries would mean that
AMD and INTC aren't anywhere near in the running.

The interesting thing is that he took that philosophy in a
company from about $40/share to $90,000/share in a lifetime.