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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: 16yearcycle who wrote (22451)8/3/1998 5:43:00 PM
From: 16yearcycle  Read Replies (1) | Respond to of 70976
 
One more time off topic, then i'll muzzle myself:

"A substantial portion of 1998's second quarter gain resulted from the sale of Berkshire's entire position in long-term zero coupon obligations of the U.S. government."

The key part here is that Buffett sold the ENTIRE bond position, which wasn't clear earlier.