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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: matherandlowell who wrote (277)	5/29/2007 7:14:53 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 313

No it does not say that. :) You are misinterpreting the information on page 4 of the annual report, which says: -------------------------- "There are two statistics, however, that are of real importance. The first is the amount of investments (including cash and cash-equivalents) that we own on a per-share basis. Arriving at this figure, we exclude investments held in our finance operation because these are largely offset by borrowings. Here’s the record since present management acquired control of Berkshire: Year Per-Share Investments* 1965 ..................................................................... $ 4 1975 ..................................................................... 159 1985 ..................................................................... 2,407 1995 ..................................................................... 21,817 2006 ..................................................................... $80,636 ------------------------------ If you look at the balance sheet on pages 26-27, it is obvious that there is no $80K per share of cash and equivalents after subtracting the liabilities. :) If you are still convinced that you are right, please provide exact page of the annual that confirms your claim and the calculation you used to arrived at the number.