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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?

To: Richard Forsythe who wrote (895)	8/6/1999 5:34:00 PM
From: dalroi	Read Replies (1) \| Respond to of 1652

do you think thats the style of WEB ? "The alternative explanation is that there is a serious problem that has leaked to certain institutional holders, " this wouldnt stand with his 30y investment principle about honest CEO cheers Gentlemen please sell need stock between 1900 and 2000 before i can buy more and to all internet freaks who said brk would be better served to be invested in that did you all see them falling ?

To: Richard Forsythe who wrote (895)	8/6/1999 9:10:00 PM
From: Benkea	Read Replies (1) \| Respond to of 1652

Richard: "The alternative explanation is that there is a serious problem that has leaked to certain institutional holders, who sold. However, this seems unlikely." Leaks at BRK regarding negative news are EXTREMELY rare. In fact, the GRN deal was one of the first I have seen, and it was POSITIVE. You do remember the insert in the annual report about going to net posting on Saturdays for the quarterlies and annual reports so everyone would receive their news at the same time? Also remember the quarterly earnings were released totally by surprise in the middle of the day (not before or after the bell for institutional only trading) last quarter. "One final thought, many buyers of BRK since 1/1/98 will be bitterly disappointed by the performance -- their friends are probably smugly holding onto their AOL." Pick your comparison time periods closely. Absent Buffett's death, I don't see BRK shareholders experiencing the fun AOLers have since April (-51%): PS. This is interesting: bway.net

To: Richard Forsythe who wrote (895)	8/6/1999 10:19:00 PM
From: Michael & B.Anne	Respond to of 1652

For the past month there has been steady disciplined selling of B shares. So who is selling 1) I suspect (hope) it is not a large fund (i.e., Sequoia) or institution since they have most of their holdings in A's. And they would not arbitrage to B's at the guaranteed rate of 30 to 1 when the market has set a ratio of 32 plus to 1. 2) IMO Major seller is a single entity ? the orders match too evenly 3) so who has lots of B's - GenRe guys got lots of B's. Although recently A's have been hit too (a discouraging sign.) 3) volume (by number of orders) is on the buy side - so if/when whoever is selling is done we might start upward 4) the key will be earnings coming out next weekend .. if we can get something around $20 per B (not unreasonable) we can certainly support B's at $2500 at current P/E. 5) also, we are currently selling at 1.6 times book - compared to average for S&P of 6.4 times book and average Insurance Company of 2 plus times book. What surprises me the most is that in an uncertain and generally accepted as over extended world we are so solid, so undervalued, so well positioned for growth - and so continuously dropping in share price. Sigh :(