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To: Chuzzlewit who wrote (34382)	3/14/1998 7:58:00 PM
From: Mohan Marette	Respond to of 176387

Ref: Buffet [Not very exciting but you can sleep better at night.] Paul and all: Since we are on the subject of Buffet I thought I let you know I do have some experience dealing with him. I participated in the IPO of his 'baby' B.Hathaway shares (BRK.B).Being the 'crazy' guy I am I thought I buy some just because Buffet said the 'junior' shares are a bad investment and he publicly discouraged buying these shares.Anyway this turned out to be a nice investment for me. Another time I got a call and a 'tip' from Gruntal & Co, the broker said Buffet is adding to his position in American Express.At that time the AMEX stock was trading for around $40.00 and I bought 1k shares and that turned out to be a very good investment as well. So my point is anything to do with the 'B-man' is always good but not very exciting.So there, that is my experience and 'am sticking by it.<gg>

To: Chuzzlewit who wrote (34382)	3/14/1998 8:43:00 PM
From: Sr K	Respond to of 176387

OT - Buffett From old issue of FORTUNE: Robert Noyce was an undergraduate physics major at Grinnell College in Iowa, and became a member of the board of trustees in 1962 while he was running Fairchild Semiconductor. Impressed with Noyce's brilliance, a fellow trustee, Joseph Rosenfield, a wealthy Iowa department-store executive, told him, "Bob, when you start your own company, please give us a piece of the action." When Noyce founded Intel six years later, he did just that. He offered to sell the college $300,000 worth of convertible subordinated debentures. Like many other liberal-arts colleges Grinnell was experiencing money problems. Although the college had traditionally confined its investments to blue-chip securities, the trustees took advantage of Noyce's offer in the hope of increasing a slim $11.7 million endowment, the income from which was adequate to defray only 9.3% of the school's operating expenses. As Warren Buffett, an Omaha newspaper publisher who is co-manager of Grinnell's endowment fund, puts it, "There are very few chances for a college to make a quantum jump in its endowment." Rosenfield and another trustee, Sam Rosenthal, a Chicago lawyer, each bought $100,000 worth of the debentures and later gave them to the college (thinking they were getting a great tax deduction). Grinnell invested another $100,000 of its own money. The investment has paid off handsomely. Grinnell later converted the debentures into 157,500 shares of common, and their price rose to a point where Intel constituted 40% of the college's investment portfolio. Earlier this year, Grinnell sold 80,500 shares for about $5 million. It still retains 77,000 shares. - - - So with one 5:4 split, four 3:2's and five 2:1's the 77,000 shares Grinnell retained would now be 15,592,464 shares worth $1.2 B. I wonder how many of the remaining shares Grinnell still has.

To: Chuzzlewit who wrote (34382)	3/14/1998 11:08:00 PM
From: kemble s. matter	Respond to of 176387

Paul, Hi!!! Yes, I can remember when I asked my father why he didn't buy this stock IBM??? I was working with him as a teenager at FMC in Marcus Hook...summer employment...I was following his lead with my "huge" paycheck savings at the end of the summer and buying airlines...it was 1966......guess I had more insight than he did...but, then I didn't want to risk that "fortune" on something I had very little knowledge of....so, I bought Northwest and Delta... I surely see your point about WB.....but, then why wouldn't he "risk" even "short term" money on a company like Intel which is bigger than the three auto makers combined?? And, Microsoft isn't exactly your corner garage....he obviously is content.....I just feel that standing still is going backwards....technology is 36% of the GNP and it isn't exactly evaporating.....His success is fabulous considering the times he has been through....but, the horizon is so much more profitable in this sector....that is unless you still believe in WDC. Best, Kemble