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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: Haim R. Branisteanu who wrote (65481)12/29/2000 7:36:33 PM
From: Benkea  Read Replies (1) of 99985
 
Haim, don't be silly. Half of BRK's earnings (AT LEAST) are hidden. Unlike the rest of the clowns managing major companies, Buffett likes to SAVE tax money (guess that comes as a result of owning 40% of the company, taking a mere $100k salary, and receiving no options!). We've had long discussions on BRK around here and they are probably considered off topic so I won't go into great detail here. However, you can send me a private message if you want to discuss the silliness of the "sports a P/E of 47 for a mutual fund" statement.

PS. The "mutual fund" receives over 70% of its revenues from its wholly owned insurance operations, and employs over 50k full-time employees throughout the dozens of wholly owned subs - both insurance and non-insurance.
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