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


To: Leroyt who wrote (987)8/27/1999 3:09:00 PM
From: Benkea  Respond to of 1652
 
leroyt:

"The problem with that idea is that the shares were A shares but the selling pressure seems to be coming for B shares."

Well as stupid as it would be (seeing there is such a huge discount now), they could have converted many to B's to easier liquidate. This process is not a one-day deal, so they could have been converted before we started tanking.

"I have reallocated MOST my assets into BRK B and will do more if the stock price continues to decline."

Yep, it just gets easier and easier to trade assets as we drop. I actively manage my portfolio which keeps me off the golf course as much as I would like. After the asset re-allocation is complete, I can just IGNORE the market and go play golf. That is the way it should be anyway.