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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (618)	3/3/1999 6:10:00 PM
From: Leroyt	Read Replies (1) \| Respond to of 1652

jhg, Good summary, thanks. It does seem that around the annual report and annual meetings are good times for BRK. later, leroyt

To: jhg_in_kc who wrote (618)	3/4/1999 10:53:00 AM
From: Bryan Steffen	Read Replies (1) \| Respond to of 1652

I haven't finished reading the report, but I have a tough time thinking that WEB would want BRK in the S&P500. WEB has always said that we as investors should disregard day to day movements in the stock, i.e. not rely on stock trading momentum to determine value. But rather determine value based on the long term intrinsic value of the assets underlying the stock. Joining the S&P500 would undoubtedly place huge trading momentum pressures on the stock that would displace the stock being traded at intrinsic value. I would probably agree with an argument that being included in the S&P500 though is additional justification to look at BRK as an operating company and not as a closed end mutual fund. But I think this a much smaller concern for WEB than momentum inflated pricing of the stock. my $.02 Bry

To: jhg_in_kc who wrote (618)	3/4/1999 4:13:00 PM
From: Michael & B.Anne	Respond to of 1652

Your perspective is on the money and appreciated. It is interesting to note the public efforts of Comrade Buffett to re-brand Berkshire Hathaway .. away from being considered a super fund to being an operating company .. perhaps a major global insurance player. regards p.s. under the title of bumps along this road: NEW YORK, March 3 (Reuters) - Cologne Life Reinsurance Corp. of America, which last week announced a surprising $275 million pre-tax charge to cover losses on its U.S. workers' compensation business, has a new chairman and chief executive. General Re Corp. said Wednesday that Thomas M. West has been elected chairman and chief executive of its Cologne Life Re affiliate. The General Re statement did not say who West was replacing and a General Re spokesperson was not immediately available.