DOLLARS & SENSE : MONEY MATTERS.BUFFETT BULLISH? Renowned investor Warren Buffett Warren Buffett Known as "the Oracle of Omaha," Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making said in an annual letter to Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. shareholders that the U.S. stock market is not overpriced o·ver·price tr.v. o·ver·priced, o·ver·pric·ing, o·ver·pric·es To put too high a price or value on. overpriced Adjective costing more than it is thought to be worth Adj. , benefiting from low interest rates and high returns on equity. Buffet has reversed his previous outlook, when he warned of overvaluation o·ver·val·ue tr.v. o·ver·val·ued, o·ver·val·u·ing, o·ver·val·ues To assign too high a value to: overvalued the painting. in 1996 and 1997. But Wall Street isn't entirely convinced of his apparent bullishness, since Buffett's company seems to have had trouble recently finding good values. Among the companies Buffett sold off in the last year that performed poorly for him: McDonald's and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. . WORK SMART RETIREMENT WOES: Six out of 10 Americans in their early 50s believe they won't have enough money to live at their desired standard in retirement, and about 40 percent may have to continue working, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey of Americans age 50 and over by Scudder Kemper Investments Inc. A third of those in their early 50s and 21 percent in their late 50s are worried they may not be making adequate contributions to their retirement savings accounts. INVESTOR SPOTLIGHT Name: Bay V. Trinh Residence: Winnetka Occupation: Engineer Age: 47 How he got started: The Vietnamese-American's first taste of a free market system came with his arrival in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in 1975. But his exposure to the stock market didn't come until he joined his employer's 401(k) program in 1986. The plan invested in Anheuser-Busch stock and an index fund. In 1995, thinking he could do better himself, Trinh started buying individual stocks. Today, he owns 14 stocks and seven mutual funds. His two children - ages 17 and 14 - each have two mutual funds as well. Best stock pick: Warner Lambert. He bought it for $117 a share in December. He sold it in March for $158. Worst stock pick: Boston Chicken. He bought it for 15 1/2 in May 1997. It closed at 6 1/8 on Friday. Investment philosophy: ``Don't be greedy. If I get a 25 percent return, I sell the stock.'' CAPTION(S): Photo PHOTO (Color) Bay V. Tinh |
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