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

To: The Duke of URL© who wrote (1332)	2/10/2000 3:01:00 PM
From: Duker	Read Replies (1) \| Respond to of 1652

I would add that inadequate premiums for the industry bodes well for BRK (I too am a CCMotGU). As the most overcapitalized company in the industry with the most scrupulous underwriting (be it GenRe or National Indemnity), BRK will benefit greatly from what will surely be an erosion of industry-wide capital as the other players (who are less well-capitalized and less scrupulous underwriters) find out just how inadequate premiums have been for the last several years. At that point, we will be back in a situation where the once 'vastly overcapitalized reinsurance market' will find itself only adequately capitalized. Premiums will necessarily rise, BRK/GenRE/NatInd will still be the overcapitalized beast that it is today, and the franchise value of GenRE will manifest itself quite handsomely. In the mean time, we have to deal with goofy internet rumors. Even if these rumors were true, would BRK be any different (aside from the letters and the meetings)? Be sure to order your See's candy for Valentine's Day. --Duker