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

To: re3 who wrote (77335)	3/9/2000 9:26:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Ike, Thanks. I'll pick up Worth and take a look. Most of the valuations I've seen are in 60,000 - 90,000 per "a" share range. My own valuation is at the lower end of that range. Perhaps even a hair lower. But I give no credit to Warren, Charlie, and Lou for their ability to achieve above average investment returns on the earnings, interest, dividends, float, etc... that come into BRK as a result of the operations. If they can do 1/3 as well from here over the next 10 years as they did in the past, the valuation would be so high that I'd get a nosebleed. I'm not sure what Executive Jet and Flight Safety are worth, but I think I mentioned to you recently that this is super duper business that people don't quite understand the potential of yet. The estimate in the article looks much too high though. If the stock isn't 100K per share in 5 years I'll be shocked. It just may continue to be rocky until the reinsurance market firms some more and the earnings turnaround becomes visible to the public. The annual report comes out this Saturday (I think). Go to www.berkshirehathaway.com and read the shareholder letter. I guarantee you will learn something about investing and get a few laughs too. Wayne