[Marxism] The ruling class in the United States of Americaistheentire capitalist class!

[S. Artesian]

No, Shane, you totally misunderstand the WSJ article, Buffet, and for better 
or worse, securities market.

This baloney about "value investing" for the long term, touted by its number 
one baloneyist, Benjamin Graham, is great if you buy, not the securities in 
the secondary markets, but the company itself in the negotiated market--  
with a "private" price.  This is what Buffett does with lesser success, 
according to the WSJ,  when he bought Salomon Bros. US Air, and Champion 
International.

He tries to follow the same position when buying securities, negotiating 
rights and warrants and prices that already discount downside, guaranteeing 
his position "primacy" in amounts and types of dividend payments; terms that 
are not available to the general public.  That's what value investing is all 
about.  And that's why, at the end of the market day, the "gap" between 
value investing, and the purchase of "distressed securities," and the gap 
between heroes like Buffett and villains like Trump, disappears.

----- Original Message ----- 
From: "Shane Mage" <shmage at pipeline.com>
To: <sartesian at earthlink.net>
Sent: Saturday, November 01, 2008 3:58 PM
Subject: Re: [Marxism] The ruling class in the United States of 
Americaistheentire capitalist class!