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


To: Jocelyn Ally who wrote (1343)2/11/2000 12:12:00 PM
From: Duker  Read Replies (1) | Respond to of 1652
 
Jocelyn,

I would buy the fact that the 'redemption theory' is indeed at work here (and, I believe it is being magnified by the general ignorance of most institutional managers who are forced to look more and more like the S&P).

Interestingly, the absence of the redemption issue is one of the most precious (though intangible) assets that BRK possesses -- whether WB or Lou Simpson is allocating the assets. When all the bull and hype finally gets drawn out of this market, and erstwhile 'genius' portfolio managers are forced to sell wonderful companies at ridiculous prices, BRK will add even more value to our shares.

Once again, we will all benefit from BRK's tremendous cash flow and disciplined acquisition approach. I expect that some moron will fill me at 1500 today.

--Duker