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Mr. Koten,

I expect more intelligent articles from Worth and was quite taken aback by Mr. Hanft's story. Mr. Hanft's criticism of Mr. Buffett was completely without merit. Mr. Buffett has never said "Buy and Hold" and espoused that such a strategy be undertaken at any costs. That fact alone dismantles a great measure of the arguments put forth. Perhaps Mr. Hanft conveniently forgot this in putting together his story or was it a deliberate attempt at using controversy to sell magazines? Either way it was a poor substitute for intelligent discourse and pathetic by any serious measure of reasoning. Feel free to print my comments.

John Zemanovich
Chief Executive Officer
Raven Investment Management Ltd.
Suite 1453
1011 Upper Middle Road East
Oakville, Ontario L6H 5Z9

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