Berkshire Hathaway Class B Message Board

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Non-Tech : Berkshire Hathaway Class B

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To: Leroyt who wrote (550)	2/5/1999 5:00:00 PM
From: Michael & B.Anne	Read Replies (4) of 1652

By way of quick introduction, we are in our mid 50's and have been retired for five years now ... not insignificantly supported by the stock market in general and General Electric and Berkshire specifically. 1) my first question (suggestion) is that by dint of the small number of outstanding share compared to total market value BRK is open to some manipulation, especially now in its undervalued condition. E.g., if I had 10,000 B shares and I wanted to sell, I could short at the same time I sold .. especially if I watched and time by volume. And since the pressure is for BRK to rise .. it is so very attractive in relation to book value ... I might be able to buy in again and then when it had risen like a fishing bobber push it back down with a new sale. 2) I am pretty sure that Citizen Buffet is upset with both the volatility and lower than value sales price. Two examples are the just recent mailing trying to get all of us (especially new owners) to be good Buffets and Buffetettes. Also opening to Paine Webber for evaluation also seems to be a sign of understandable and laudable pique. 3) Buffet has said in the past that he would consider buying back shares if he felt the offered superior value 4) so much in reserve and nothing to buy. I think we should all take Buffet seriously when he says he would like a less valued market so that he might put his immense reserves to work buying stuff. I for one am pleased and impressed that he is able to hold on and only wait for really good bargains .. like general re. 5) finally for all ... I suggest hold on .. don't be so wiggly .. even at this reduced (cost to value) share we have seen very nice appreciated values in the past 18 months. my pent up thoughts after having lurked this site for the past few months ... prior to paying just now for the privilege of "mouthing." regards

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