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To: Harry Landsiedel who wrote (102464)	4/18/2000 1:41:00 PM
From: Jacques Newey	Respond to of 186894

Harry- Last OT - Thank you for the info on the essays. On the same topic, there is a Dow Jones News Wire article in today's WSJ entitled "Has Warren Buffett Lost His Mojo?" I don't have a link (do a search on BRK), but here is an excerpt including comments from Robert Hagrstrom, author of the "Warren Buffet Way" *********************************************************** Some investors, though, believe the tables are turning. Wally Weitz, manager of the top-ranked Weitz Value fund, recently upped his Class B stake by some 13,000 shares, making it one of his top 10 holdings. Meanwhile, longtime Buffett watcher Robert Hagstrom, manager of Legg Mason's Focus fund and the author of The Warren Buffett Way and The Warren Buffett Portfolio, has scooped up shares of the Omaha outfit, making it his second-largest holding.Hagstrom's rationale is simple. "It's the float," he explains, referring to the investable cash that remains on an insurance company's books after premiums have been collected and claims have been paid. It was by putting these funds to work that Buffett converted Berkshire from a tired old textile mill into the behemoth it has now become. All told, he boosted the company's float from $171 million in 1977 to $25 billion today. That sent Berkshire shares from $89 to a mid-1998 high of over $80,000. "Berkshire's price has closely tracked the value of its float," says Hagstrom. "It's now ready to grow." Last Buffett post on the INTC thread... for the next month anyway. A few months back Tony Viola suggested that Warren should throw in the towel, like Bill Parcells. I strongly disagree. Is the Mojo back? We'll see what happens. Thanks for your assistance and best investing.