After the whole world is sure that Warren Buffet will fail...

[Cutten]

Quote from gnome:

Regardless of whether it's Wal-Mart or BJ's... most (all?) of the marketplace will gravitate to the lowest cost provider...

Whoever provides the lowest cost of EVERYTHING will be the "last standing"... and most of the higher cost providers of ANYTHING will go by the wayside.

Agreed. And that sets up some pretty nice long-term spread trades in stocks.

 

[LEAPup]

Quote from Cutten:

Agree. I can't think of a more perfect bottom indicator.

Remember when the magazine cover said "Buffet is dead?" That was the bottom in 2002.

 

[daves2074]

If there is any investor worth following, it is warren buffett. don't knock a proven track record.

 

[Thermactor]

Graham failed to anticipate Phil Gramm and the CFMA