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To: Moonray who wrote (190519)	5/16/2016 1:04:58 PM
From: Art Bechhoefer	Respond to of 213182

Berkshire Hathaway/Buffett could have bought some of Icahn's shares in an off market transaction that would have avoided publicity and would have been more in accord with the long term Berkshire strategy. Art

To: Moonray who wrote (190519)	5/16/2016 1:40:33 PM
From: Bill from Wisconsin	Read Replies (1) \| Respond to of 213182

I didn't actually hear Buffet say that It was Becky Quick who was speaking for him. I think maybe overstepping her bounds a bit. Later, several others opined that, of the 2 guys Buffet has working his portfolio, a $1 B single stock investment would not be something they could do without some level of approval by Buffet himself. $1 B representing about 20% of their individual buying power. I agree, that Buffett didn't generate the idea. But I disagree that he was completely removed from the decision making.