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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (73632)	1/14/2000 3:38:00 PM
From: Freedom Fighter	Respond to of 132070

Ike, I am heavily weighted BRK and other property casualty businesses. It's one of the few sectors that's really beaten down that I can also form a reasonable opinion about. I think BRK is being hurt by the cyclical problems hitting the entire industry. It's also being hurt by rising interest rates that both lower the calculated value and hit the bond portfolio. I'm not smart enough to tell you when the cycle is going to turn or where interest rates are going to go next. I think BRK is reasonably priced or slightly undervalued if Joe Blow was running it. Right now I think you are getting Warren for free. In my view that's a lot to get for free. He allocates capital better than almost anyone and gets a lot of deals the rest of us could never get. For me, now is the time to buy. I am patient and know I can't tell exactly when the cycle is going to turn. My guess is that it's probably a few months to a year away and that the stock prices will move before it. As far as trading it, it's been moving with interest rates lately. Wayne