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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (719)	9/1/1998 8:26:00 PM
From: Freedom Fighter	Respond to of 1722

Twister, >>Buffet would have done this deal if his stock was at 50,000-provided he got at least as much intrinsic value as he gave up. It has little to do with what price Berkshire is trading at.<<< As a shareholder of BRKA since 1988, I agree completely. <<<This was an extremely astute maneuver from WEB. He is effectively raising a ton of investable money without having to sell any of his overpriced holdings-stocks he wants to keep forever anyway. This transaction doesn't signal Berkshire's overvaluation. It does, however, tell me that Buffet believes there will be plenty of values created in the coming years. And he wants more investable cash on hand to take advantage of them.<<< I double...no triple, no quadrouple agree with this. He gave up a share of an overpriced equity portfolio to get a share of a great company with tons of investable cash, bills, notes and bonds.

To: cfimx who wrote (719)	9/1/1998 8:40:00 PM
From: Freedom Fighter	Respond to of 1722

John Crudele on the trading action patterns. These trading patterns have been obvious for the last year or so. I have heard similar explanations. nypostonline.com