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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: Patsy Collins who wrote (180)	7/11/1999 4:17:00 PM
From: Labrador	Respond to of 313

thanks for your note. the premium on the As is much too high to account for the difference. i think that it may be "cultish" to own the As. no joke. with respect to the exchange rights. one could sell the As and buy the Bs. the "no cost" that you refer to worth $60 in a Schwab account and less with a cheapie discount broker. the vote doesn't mean that much in dollar terms, especially given the retail purchaser. cultish. in fact, that is why i was toying with buying an A.

To: Patsy Collins who wrote (180)	7/17/1999 9:00:00 PM
From: Benkea	Read Replies (1) \| Respond to of 313

Patsy: "Say you have a couple of grandchildren and you have an A class share. You can elect to exchange for 30 B shares at no cost. Then you can give B shares to the kids. This should be worth something." And if you own 30 Bs you don't even have to go to the trouble of converting an A. That should be worth something :) "Also, A share holders have voting rights, B holders don't. This is worth something too." B shareholders have voting rights, just not as much. Buffett and family control 50% so this is a useless benefit anyway.