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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (1638)	7/2/1999 12:24:00 AM
From: Michael & B.Anne	Respond to of 4691

I wouldn't be surprised if he spends his money on another single large acquisition rather than stock ... I would be surprised if he did not spend on a single large acquisition .. moving more toward the model of GE (a super power financial hub (GE Capital and BRK Insurance) feeding growth opportunities of outlying spoke businesses.) (BTW GE has better spokes, but just perhaps BRK can build a better center - even close would be a world power.) I suspect that WEB has this vision and the $15B is not just for any "great business." but rather a hub (financial) business. But I agree with you ... it is a little late in the game to move from being in the Peter Lynch mode to being in the Jack Welch mode. I see no history of WEB as an organization builder - motivator perhaps - organization builder - not. Nonetheless my personal bet (my money) is that like Moses, he knows the direction and is on a mission. He will get us there .. but then ... ?? Finally, I doubt the general market appreciates how much BRK has moved toward changing it's vision of itself in the past 2 years: from building a portfolio to building a company. regards