Replies to post #400 on NTT DoCoMo Inc (fka DCM)

[temp luvs amy]

I would think they are a vehicle for hedge fund usage. Not the actual fund.

You buy the basket, and short out the losers, or short the basket and own the winners.

[temp luvs amy]

I'd love to hear Buffet's views on ETF's.

It was actually pretty easy to find a quote on the topic.

"I have nothing against ETFs, but I really think an index fund that just charges a few basis points for management is pretty hard to beat," Buffett said. "You put it away, you have nobody encouraging you to trade it next week or next month ... your broker isn't going to be on you."

In other words, he doesn't think you should trade them.