Subject: Re: new buys
Buffett sold all of Lou Simpson's portfolio.
If Todd and Ted want a free leash, they will (and maybe should) pee on Buffett's bushes and "salt the earth" so to speak.
Personally I have no clue why these people think they can pick stocks.
Pretty sure any broad market index has beaten BofA, Amex or Coke silly over the years. This is not 1970s or 80s anymore. But whatever. Intrinsic value blah blah. Neros fiddling while the American empire burns to the ground.