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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?

To: hoyasaxa who wrote (1602)	7/15/2005 5:18:03 PM
From: CrazyPete	Read Replies (1) \| Respond to of 1652

> when Warren dies it will drop 20% I'd expect a short term kick, but I really don't see more than that. Does anyone believe he'll live forever? So it seems to me that a known event (only the timing is unknown) should already be priced in, and may be a reason why BRKB hasn't performed better recently. I don't think there are a lot of day traders in BRKA/BRKB. Regarding insurance risk, I trust Warren's team to manage it; that's their job. I think the broader economic impact of a catastrophe that would be big enough to shake BRK would make it hard to pick safe havens elsewhere.

To: hoyasaxa who wrote (1602)	7/15/2005 6:19:40 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 1652

There are two things that you have to answer about BRK: 1. Can you comfortably value the company? I.e. can you tell when it is undervalued and overvalued? I can't so I don't invest in it. 2. Are you comfortable with Buffett's successors? It does not matter how much BRK will drop the day Buffett dies. It matters much more how his successors will run the company. I have no opinion on this, mostly because I did not answer question 1. :) Good luck No BRK for me Jurgis