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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: The Duke of URL© who wrote (166712)	6/20/2002 3:37:08 PM
From: Jim McMannis	Respond to of 186894

RE:"Not exactly. Warren owns one hundred shares of ms, not in Berkshire but in his own account. Just to get the annual report. Bershire does own some special issue ms "preferred" that pay 3% but is convertible to stock at a maximum of ~18%appreciation. Convertible to some 166,000 shares. I do not now recall if the conversion has taken place." Like I said, I didn't know how much or when. Never the less, I remember how 'ole Warren was dissed and laughed at for missing the big tech run up. BK kind of wallowed. Then tech falls apart and 'ole Warren is a genius again. I guess he was right all along. He had the latest baby boomer bubble pegged pretty good. Jim PS...latest Boomer Bubble is Real Estate, of course helped along by tax breaks. Which means it will likely get way out of hand. 1. Mortagage interest rate deduction 2. No sales tax 3. $500k exemption per married couple on sale of primary residence lived in 2 years. Pro-rated- 1 year 250k. You can do this over and over again... 4. turn it into income property and you can do a 10xx exchange. What does investing in the markets get you...? 1. Well, no sales tax...lol 2. Capital gains taxes, 20 LT, 28 ST 3. Ripped off by greedy CEOs parachutes/money grabs 4. Mislead by tenuous accounting practices 5. Your stock diluted by employee stock options 6. Your stock being devalued by Lawsuits...some even brought on by your government. 7. At the mercy of terrorists attacks "wherever" they be. Jim