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

To: James Clarke who wrote (1084)	2/25/1999 11:59:00 PM
From: Michael Burry	Read Replies (3) \| Respond to of 4691

Well, I've got my version of a Buffett stock. It's Jones Pharma, and it's my February Pick of the Month. Those interested can read about why I think it deserves the title "Buffett-stock" at valuestocks.net There's more to the story, so feel free to shoot questions/ criticisms my way either here or on my VSN Forum discussion site. Good investing, Mike

To: James Clarke who wrote (1084)	3/2/1999 8:50:00 PM
From: Tomato	Read Replies (1) \| Respond to of 4691

RED ALERT! RED ALERT! WEB is featured on tonight's Nightline!

To: James Clarke who wrote (1084)	3/3/1999 2:50:00 PM
From: jhg_in_kc	Respond to of 4691

I read the Paine Weber report on Berkshire Hathaway last night and was delighted to hear Buffett's voice ringing throughout. HE WROTE THE REPORT IN LARGE PART, dictating phrases to his hand picked analyst. There are too many Buffet signature phrases, "cigar butts" "our mistakes," etc. for this not to be his voice. From this we can conclude: --he wants BRK to be thought of as a company, an operating business, not a "stock like a mutual fund" --he is saying there is a "margin of safety" to the shares right now and clearly saying thru the Paine Weber analyst that they are undervalued --he would like to see Berkshire in the S&P 500 and the analyst, althouth IMO in this case probably not WEB, thinks this is invetiable. Of course membership in the S&P adds 20% plus to a stock. I agree with the analyst if I were running an index fund I'd love to have BRKB in it as a counterweight to the volatile tech stocks. Berkshire is at about the same price it was a year ago when it did not even own Gneral Re which has "tripled its float" this stock should go up 50% soon just before and after the annual report is released. That's when it began moving last year I seem to remember. jhg