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

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To: matherandlowell who wrote (279)5/30/2007 10:41:04 AM
From: appro  Read Replies (1) of 313
 
Sixty-thousand plus of that 80k/share is only technically referred to as cash equivalents because BRK owns that much of the marketable securities of Coca-Cola, American Express and a bunch of other long term investments. That is what makes Berkshire what it is for many of us - a mutual fund type basket of well run companies.

That really only leaves about 20k/share swirling around like dust bunnies looking for a good home.

Fund managers might argue that the cash available for immediate investment should never be more than 5% of the total. Frankly, I like the idea that Mr. B is not chasing the market here.
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