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Non-Tech : Berkshire Hathaway Class B

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To: Dale Baker who wrote (902)8/7/1999 7:30:00 AM
From: Benkea  Read Replies (1) of 1652
 
"Why do Berkshire holders have to hide behind this defense of being smug when the stock clearly hasn't performed in the past year or so? The numbers are clear."

Actually, the only clear numbers are the earnings at BRK which are both real (unlike most option gaming techs) and substantial. As for performance, BRK is for people who interested in buying part of one of the best businesses on the planet. We know it to be so because it has the second largest net worth after Royal Dutch Shell. The last 12 months is one of the few time frames over the last 33 YEARS that one can negatively compare BRK to the S&P. In fact, it is more like the last 7 months, because BRK DOUBLED the S&P in 1998 gaining 52% vs. 26%.

You sound more like a lottery ticket buyer than a fundamental analyser of business. That chart of the lotto ticket vs. RCA is less than encouraging. Here is another for you, it is the net chart (updated 8/2/99 before the last leg down to new lows) vs. the biotech craze:

decisionpoint.com
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