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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: kvkkc1 who wrote (58514)3/14/2002 9:14:08 AM
From: hueyone  Respond to of 77400
 
And here he is begging for welfare from the Gov't for his insurance company woes.

That sounds decidedly unBuffet-like and I must have missed it. By the way, BRK is meeting all its insurance obligations related to 9-11.

Based on his, Buffet's, recent performance, I wonder if one of those will be

BRK could certainly have more tough times ahead. Here is what Warren had to say about the recent poor performance:

Though our corporate performance last year was satisfactory, my performance was anything but. I manage most of Berkshire’s equity portfolio, and my results were poor, just as they have been for several years. Of even more importance, I allowed General Re to take on business without a safeguard I knew was important, and on September 11th, this error caught up with us. I’ll tell you more about my mistake later and what we are doing to correct it.

One of the reasons I have hung on to my old BRK, even though I do not have expectations for great performance (or even middlin performance), is that is refreshing to have a Chairman who talks and reports to me straight. The contrast is striking with any other public company I have ever invested in.

Best,

Huey



To: kvkkc1 who wrote (58514)3/14/2002 10:02:47 PM
From: sea_biscuit  Respond to of 77400
 
And here he is begging for welfare from the Gov't for his insurance company woes.

Absolutely not. He is just stating what he is willing to cover and for how much. If it goes over and above that, it is upto the people and the gummint.

In any case, with Uncle Al running the printing presses 24 hours a day, nobody should have any problem getting all the money they want! ;-)