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

To: Duker who wrote (1320)	2/10/2000 11:12:00 AM
From: Gottfried	Respond to of 1652

Duker, you said >The valuations in today's market are ridiculous at both ends of the spectrum. CSCOs and YHOOs on one end, BRKa&b on the other.< Right. I wonder if gorilla valuations as measured by P/S ratio will return to the mean. I doubt it. Here are some P/S charts made last Nov. They go back to 1995. Message 11959378 Further, my visitors to Silicon Valley inevitably remark on the 'ridiculous' real estate prices. Yet that's what people are willing to pay. Will prices ever return to the mean? I doubt it. To paraphrase "the market has reached a permanently high plateau". There can be no doubt BRK is a great value. It's just that buyers are not interested in Warrens style right now. Gottfried - holding BRKb

To: Duker who wrote (1320)	2/10/2000 11:51:00 AM
From: Al Chechatka	Read Replies (3) \| Respond to of 1652

I wonder if share repurchase will ever enter into the equation? I am sure BRK would have bought General Re for cash and stock instead of just cash. Since BRK is trading at about half what it did when they bought General Re, it would be very smart to buy back their own shares. The only problem is its trading liquidity. It trades so few shares each day that any substantial buy would raise the price too high. Buyback would work for another company (MO) because it trades millions of shares a day (even though it's at 20, the dollar volume is much greater than BRK.A and B.) Al C.