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   Strategies & Market TrendsBuffettology


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To: James Clarke who wrote (1664)7/13/1999 12:52:00 PM
From: Freedom Fighter
   of 4657
 
James,

I agree.

(Ayn Rand's Atlas Shrugged) I've been dying to get a chance to read that book. I just haven't gotten around to it yet. My Libertarian tendencies keep growing with my age, experience, and knowledge. From what I've heard the book would be right up my alley.

Wayne

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To: Freedom Fighter who wrote (1663)7/13/1999 1:04:00 PM
From: Michael Burry
   of 4657
 
My blood is absolutely boiling just reading this debate. I can literally write 100 pages right now on the absolutely horrid state of health care and what has been wrought since employers decided it was a good idea to provide benefits instead of higher salaries to employees way back in the 50's and Congress enacted Medicare way back in the 60's. TEFRA of 1982, and the SSA of 1983 are also vital. And don't forget the doctors who figuratively and literally screwed their patients in the 70's and 80's, two decades that should go down as among the most obscene abuses in the history of physician-as-healer. If I'm going to get rich, it will not be on patients' backs. Probably not the right topic for this thread. Suffice it to say that I stand by my "Health care is like tobacco" post.

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To: Michael Burry who wrote (1666)7/13/1999 1:13:00 PM
From: Freedom Fighter
   of 4657
 
Mike,

Everyone has an issue that really gets their blood going. I'd ask you to enlighten me further, but I realize it would be time consuming and I really don't need any help getting riled up about these political matters.

Wayne

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To: Freedom Fighter who wrote (1665)7/13/1999 1:44:00 PM
From: hoyasaxa
   of 4657
 
Awesome book -- I have read all of her works and find them both fantastic epic stories and well articulated philosophical tracts. (eom)

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To: Michael Burry who wrote (1666)7/13/1999 4:00:00 PM
From: peter michaelson
   of 4657
 
Off Topic

Michael, I appreciate your feelings about Health Care in the U.S. You make me feel better about the medical profession. Hope there are plenty more like you.

I am a Kaiser member.

peter

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To: Michael Burry who wrote (1666)7/13/1999 4:00:00 PM
From: peter michaelson
   of 4657
 
Off Topic

Michael, I appreciate your feelings about Health Care in the U.S. You make me feel better about the medical profession. Hope there are plenty more like you.

I am a Kaiser member.

peter

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To: Shane M who wrote (1661)7/13/1999 7:18:00 PM
From: Shane M
   of 4657
 
BTW, I purchased some HMA today.

Oops! Not exactly my best purchase of the year. I should've waited one more day. Stock took a hit today on announcement they'd fall short of street estimates. Maybe I should listen to you guys and stay away from the hospital biz. <g>

Shane

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To: Freedom Fighter who wrote (1663)7/13/1999 7:28:00 PM
From: Shane M
   of 4657
 
***OT***

Wayne,

My main thought on healthcare is that the product is often so complicated that the consumer is unlikely to know what treatment is needed, the alternatives, and how much it should cost.

It's a very difficult situation, but without a 3rd party my guess is that many more consumers would be subject to fraud than the current system provides. It's a difficult egg to crack. It's particularly difficult for free market thinkers because it seems its a clear case of where the market economy is broken and can't function properly without outside assistance.

Shane

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To: Shane M who wrote (1671)7/13/1999 8:27:00 PM
From: Michael Burry
   of 4657
 
So the question is, are you buying more? And Shane, aren't you in
health care?

Mike

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To: Michael Burry who wrote (1673)7/13/1999 9:09:00 PM
From: Shane M
   of 4657
 
Mike,

I haven't decided on whether to average down. I've had a mixed history with averaging down, but the good experiences have occurred when good news seems to be coming out but the market hasn't caught onto the trend yet. I don't think I'll average into HMA until all the "yuck" is out. I'll just sit tight with what I've got and see how the national healthcare debate plays out this time.

I'm in insurance, but the property/casualty kind. I'm a market analyst with Allstate.

Shane

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