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

To: Knighty Tin who wrote (77364)	3/9/2000 11:26:00 AM
From: Freedom Fighter	Respond to of 132070

To All, The price of Berkshire Hathaway is closing in on its Book Value including the goodwill value of General Re and Geico. Geico is worth massively more than its purchase price and General Re is worth about the same as its purchase price despite a poor year in 99. The 100% owned subsidiaries all earn outstanding Returns on Capital are are worth very huge multiples of book value. That means they are currently valuing Warren Buffet, Charlie Munger, and Lou Simpson's ability to allocate capital and attract deals on favorable terms as a net negative. I never thought I'd see the day. They are giving money away at this price. Wayne