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To: ViperChick Secret Agent 006.9 who wrote (36721)3/14/1998 4:49:00 PM
From: Electric  Respond to of 58727
 
Lisa,

If you hear or see anything that might be note worthy, I am sure I am not alone in saying, LET ME KNOW!! :}

You owe me for not pushing the sell button for me..

You know I am kidding hon... :}

E



To: ViperChick Secret Agent 006.9 who wrote (36721)3/14/1998 5:53:00 PM
From: Darth Trader  Respond to of 58727
 
"Though we are delighted with what we own, we are not pleased with our prospects for committing incoming funds. Prices are high for both businesses and stocks. That does not mean that the prices of either will fall -- we have absolutely no view on that matter-- but it does mean that we get relatively little in prospective earnings when we commit fresh money...."

"We gained enormously from the low prices placed on many equities and businesses in the 1970s and 1980s. Markets that then were hostile to investment transients were friendly to those taking up permanent residence. In recent years, the actions we took in those decades have been validated, but we have found few new opportunities. In its role as a corporate "saver," Berkshire continually looks for ways to sensibly deploy capital, but it may be some time before we find opportunities that get us truly excited."