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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (227)	3/11/2000 4:24:00 PM
From: Jacques Newey	Respond to of 313

Triffin, Re:"Chaiman's letter.." I liked... "We will not repurchase shares unless we believe Berkshire stock is selling well below intrinsic value, conservatively calculated." Then, in the next paragraph... "we will respond to offers made directly to us at or below the NYSE bid. If you wish to offer stock, have your broker call Mark Millard at 402-346-1400. When a trade occurs, the broker can either record it in the "third market" or on the NYSE. We will favor purchase of the B shares if they are selling at more than a 2% discount to the A. We will not engage in transactions involving fewer than 10 shares of A or 50 shares of B." If Warren and Charlie are buying, I am buying too.