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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: David S. who wrote (1197)3/15/1998 7:19:00 PM
From: Mr. Pink   of 18998
 
berkshirehathaway.com

This exerpt is interesting. But read the whole thing.

BERKSHIRE HATHAWAY INC.

1997 Chairman's Letter

To the Shareholders of Berkshire Hathaway Inc.:

Acquisitions of 1997

In 1997, we agreed to acquire Star Furniture and International Dairy Queen (a deal that closed early in 1998). Both businesses fully meet our criteria: They are understandable; possess excellent economics; and are run by outstanding people.

To all: Thought this would make for interesting reading and helps explain why Mr. Pink would never own shares in a company run by a criminal who fled his country in the middle of the night via camelian transport

Mr. Pink
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