Saturday, April 30, 2011

37) FMR: Do you estimate growth?

Some products travel way better than others, obvi if we see growth on
incremental capital we like it but we will buy companies with low to
no growth if the price is cheap relative to the value. we would love
them all to grow, lubrizol wont grow very much but we still like it.
In connection with Lubrizol, Sokol met with them and they had
projections out to 2013 and sokol had projections to 2015, i have
never seen projections not go up, i pay no attention to it, we are
doing projections in our head obviously, don't ask a barber if you
need a haircut

Cm - for the kids in school, here is my advice learn our way but while
you are in school pretend to learn their way

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