Replies to post #3659 on AMD strictly moderated (AMD)

[chipguy]

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

I don't see anyone extolling the philosophy of individuals
who "take" $5 lottery tickets to multimillion dollar fortunes.
Perhaps it is time for you to read "A Random Walk down
Wall Street".

[bobs10]

To reminisce

Back in the early 60's, a little while after I had bought my first stock, I remember Berkshire Hathaway was trading at the then astronomical price of about $600 per share. Even then it was the most expensive stock on the NYSE. Of course average volume on the NYSE back then was about 60M shares a day and you had to go the library to do stock research, mostly in “Value line” and magazines.

I somewhat naively remember thinking that no stock could be worth $600, boy was I wrong. Besides, who was this guy from Omaha that everyone was talking about? I should have done more research.