RV-1/2n-FUN
FL.
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Joined: 03/30/2003
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Sea Dog wrote:RV-1/2n-FUN wrote:Give a guy a platform and he thinks he knows everything.
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He needs to talk to rv.net members......I'm sure they know better.....
I guess I do not understand high finance.
I think I would rather take the advice of Mr Buffet than some-one who may be upside down on a thirty thousand dollar RV.
General statement, not pointing fingers at any poster.
Tongue-in-cheek statement on my part.
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JUrban
Delaware
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Joined: 06/28/2004
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Warren Buffett seems to be a bit richer and a bit smarter than I am. His advice might be worth a very serious look. I wouldn't take it as the "Word From On High", because anyone can be wrong, but a serious consideration, yeah. He's definitely a player.
John
2008 Tiffin Allegro Bus 40' QSP
2006 Chevrolet Colorado Toad
BlueOx Aventa LX Tow Bar
SMI Air Force One toad brake
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Radio
Middle of Georgia
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Joined: 01/12/2003
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What I took from the article was:
1) We are in for some uncomfortable times
2) Buffet will continue to invest in good companies as he always has. He's not doing anything different. Which means he expects the recession to end at some point.
So I guess I will continue to put money in my 401K and keep carpooling to work. By my calculations I save $2600 a year in fuel by carpooling. That buys enough gas, even at $4 a gallon, to go most anywhere I want.
PS...I read where non-opec oil producers are upping their crude output and that could lead to a surplus, which will cause oil to come crashing down.
One can hope!
Wade & Kathy
 2007 F-150 XLT - 2008 Rockwood 8280SS
It's not the rig, it's where you go and who you go there with.
www.openroadsradio.net - For those who like amateur radio & RVing served up on the same plate!
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TxTwo
Texas
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Joined: 04/08/2007
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Oil prices will be up and down in the near future - but a good bet will be - UP for the long haul. Warren Buffett makes his money by buying up companies that are ripe for the picking - and a long entrenched recession plays right into his hands. He's no fool and he knows from which he speaks. At this stage in his life, it is still an interesting challenge for him. His legacy is probably what counts most for him now.
TxTwo
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scottmanesis
soon to be from wherever it's parked
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Joined: 05/25/2008
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Radio wrote:What I took from the article was:
1) We are in for some uncomfortable times
2) Buffet will continue to invest in good companies as he always has. He's not doing anything different. Which means he expects the recession to end at some point.
He said he will continue to invest in good companies. What makes you think those good companies are American ones? .......just a question. These elites don't look at the finance world with any loyalty to any particular flag or country, it's about the bottom line....period. The Euro is looking pretty strong compared to a Federal Reserve Debt note in the USA and so are some Asian currencies. Look out for the Amero.
2008 Keystone Fuzion 362
1997(only 45k miles) Chevy c/k 3500 Diesel Centuriun
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Sea Dog
Ontario Can.
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Joined: 04/15/2001
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I saw Warren Buffet interviewed a couple weeks ago.
You are correct, he is now investing heavily outside N America.
He was talking in particular about a large funiture manufacturing operation in China that he has purchased.
Life is short,Death is long,
Take a vacation.
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res08hao
La Mirada, CA
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Joined: 07/15/2002
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I don't really care anymore. I have an income for life and don't really have to go anywhere.
over the hill and enjoying the view
diesel pickup and 5th wheel trailer.
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Kusani
Tennessee
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Joined: 10/12/2001
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No longer related to rv lifestyle, closing this one.
Check out the Rv.Net Blogs
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