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To: H James Morris who wrote (127316)	6/27/2001 1:09:50 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

no!

To: H James Morris who wrote (127316)	6/27/2001 1:17:42 PM
From: craig crawford	Respond to of 164684

Buffett mistake tipped theage.com.au By TOM CAHILL NEW YORK Wednesday 27 June 2001 Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, says his investing mistakes have included textiles and windmills. Add Sheetrock (plasterboard) to the list. USG Corp, the biggest United States wallboard maker, filed for bankruptcy protection on Monday, responding to a flood of lawsuits from people who say its products caused cancer and asbestos-related lung disease. Berkshire Hathaway was the biggest USG shareholder as of March, according to regulatory filings. "It may simply be a mistake," James Armstrong, president of Henry H. Armstrong Associates, which owns $US40 million in Berkshire shares. "All money managers make them, but Buffett makes so few of them that when he does, they get noticed." A $US10,000 ($A19,000) investment with Buffett in 1956 would be worth about $US200 million, after tax, today. Since 1965, the year Buffett took over Berkshire Hathaway, then a struggling textile company, the company's per-share book value has gone from $US19 to $US40,440, an after-tax gain of 23.6 per cent compounded annually. That compares with a pre-tax 11.8 per cent gain in the Standard & Poor's 500 Index in the same period. Berkshire bought 6.5 million USG shares between last October 1 and November 17, according to Securities and Exchange Commission records. The stock traded at an average price of $US16.90 during that period and now trades at less than $4. Mr Buffett may have sold some shares since his last filing with the SEC in March. Berkshire declined to comment.