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Non-Tech : Berkshire Hathaway Class B

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To: Richard Forsythe who wrote (895)8/6/1999 9:10:00 PM
From: Benkea  Read Replies (1) of 1652
 
Richard:

"The alternative explanation is that there is a *serious* problem that has leaked to certain institutional holders, who sold. However, this seems unlikely."

Leaks at BRK regarding negative news are EXTREMELY rare. In fact, the GRN deal was one of the first I have seen, and it was POSITIVE. You do remember the insert in the annual report about going to net posting on Saturdays for the quarterlies and annual reports so everyone would receive their news at the same time? Also remember the quarterly earnings were released totally by surprise in the middle of the day (not before or after the bell for institutional only trading) last quarter.

"One final thought, many buyers of BRK since 1/1/98 will be bitterly disappointed by the performance -- their friends are probably smugly holding onto their AOL."

Pick your comparison time periods closely. Absent Buffett's death, I don't see BRK shareholders experiencing the fun AOLers have since April (-51%):

PS. This is interesting:
bway.net
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