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ovEUaER 2,199 FORTUNE The most celebrated of investors says stocks can't possibly meet the Public's expectations. As for the Internet? He notes how few people got rich from two other transforming industries, auto and aviation, Mr. Buffett on the Stock Market arn Be, cman of Bekins Hatha, alos never tas publi bout the genera lee ef tk pies ner isa anual part nore Bekhie' rg ana meting nora te ave pcs egies Btn he pe fe ‘manson fo ocasons, Ba dep vp toh uit, Tay ois epinins,nws bok anata and cee, aout theft fre for docks FORTUNE’ Cant “Lenis ear heat ofthe tls, given in September to group of Buf’ ents ff whan ae one) and ao ned dcp fe rt speech, gen ula lon & (Cas Sun el, Maho, bh for uses lenders. ro toe ‘stanpareneon als (te fsa the ens nds tal eve 1,19) Lon tiel e ollowing account of wha fo at Bafer seve awed vt ome leifoions vests in stocks these dy ar expecting fe too ch, ‘and 'm going epi hy. That wil inva st to talking about the general sock market, a subject ‘sully unig odes Bt want oma oe thing ‘ea goign Thouph Iw be aking about he el the met, Iwill not be predicting ite next moves, AL erie we focus amos erhsvely onto valuations of {dividual companies ooking onl to ery lite extent at the alton of he oneal mare. Eve then ig hema ‘ss othing to do with where its going to go next wero facia maces bee in wa, sometins or ery ‘ett, that are not aed to vale Sower oats, thigh, ‘ale coun Sowhat Iam ging o be saying assuming

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