Buy Berkshire instead of Vanguard S&P (BRKA) Message Board

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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA)

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To: Marc Fortier who wrote (149)	2/2/1999 5:03:00 PM
From: Sbtorres	of 313

Recent runup Excerpt from the article at mercurycenter.com Schroeder, 42, who said she ''nearly fell out of my chair'' at Paine Webber's midtown-Manhattan office when Buffett first called, confirmed the rumor that he had provided direct access for her to the people who have run Berkshire with such success that each $10,000 invested in 1965 is now worth some $50 million. ''He asked if I would do him a favor,'' Schroeder recalled. The idea was to see that Berkshire, transformed by last year's purchase of General Re, the nation's largest direct writer of reinsurance, is less misunderstood. Her conclusion, after repeatedly scaling back assumptions to avoid a number so high that it would have been ''absurd,'' is that Berkshire's current intrinsic value is $91,000 to $97,000 for each class A share. The stock closed Monday at $69,700.

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