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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (718)	12/22/1998 12:39:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 4691

Wayne, thanks for the thoughts on BRK. I slept on it last night and then bought my first couple shares I have ever owned of (Baby) Berkshire this morning. You're right, the valuation is not a screaming buy by any means, and the stock is way too popular for my taste, but I pulled the trigger for three reasons: 1) Large amounts of shares are being sold for non-fundamental reasons 2) It is near its October low, though still up for the year. 3) There's something about Warren Buffett sitting on $30 billion of liquid bonds that makes me smile. JJC