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Non-Tech : Berkshire Hathaway Class B
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To: Neil H who wrote (1560)11/7/2004 10:10:53 AM
From: 249443  Read Replies (1) of 1652
 
Currency Move:

I fully agree and respect to stick his neck out with the currency call. $20 billion in hedges indicates he has a strong conviction. :)

"...Despite the losses, Buffett said Berkshire's insurance operations were performing well, while his company now has $38 billion in cash and equivalents and holds $20 billion in currency hedges, chiefly against the dollar..."
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