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

To: Leroyt who wrote (922)	8/11/1999 8:07:00 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 1652

Leroyt: Would you expand on what you mean by this: "Nevertheless, the first quarter losses were just the possible costs of having such a large float: percentage wise -- anything BUT large." TIA Duke

To: Leroyt who wrote (922)	8/12/1999 10:44:00 AM
From: Michael & B.Anne	Respond to of 1652

IMO 1) one larger (1000 share) sale in latter half of day. Who ever is selling is still there 2) If GRN float monies are now earning something - even at only 6% they should contribute around $150 for each A share. If one assumes no unexpected loses (like last two quarters - we can hope for $20 plus earnings (B share) which at current p/e's would support B's at around $2500 plus and A's at $75,000. Further, if Allah loves us best, $20 per B share is conservative. regards

To: Leroyt who wrote (922)	8/12/1999 12:25:00 PM
From: Richard Forsythe	Read Replies (1) \| Respond to of 1652

As M&B.Anne said, there are still large blocks so I would say the selling has not stopped -- although I think it may have slowed a bit. [Does anyone have data on large institutional holders of General Re before the merger? How larger were their stakes?] The uptick might well be speculative retail buying ahead of the report, as happened starting March 9 when BRKB spiked up to over 2600 by 3/12, only to fall back just as quickly. I suspect this is a rally that the sellers are selling into! As for the report, I haven't had time to review the data. However, policies-in-force for GEICO would be a vital metric -- it should be growing solidly q-o-q. Investments made are always interesting, if revealed, and any info on the Gen Re merger will be interesting. Of course the stockholder-irrelevant "realized capital gains" will dramatically affect the earnings result, is completely unpredictable to us, and will be extensively reported by the media. This will probably drive the short term performance of the stock! Richard