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

To: The Duke of URL© who wrote (680)	3/14/1999 11:59:00 PM
From: Bert Klimer	Read Replies (1) \| Respond to of 1652

Do you think American Express will open higher as the copycats try to buy more since Warren bought more? Bert

To: The Duke of URL© who wrote (680)	3/15/1999 10:36:00 AM
From: Bruce McGaughey	Respond to of 1652

"I am not so sure that AOL is a Warren kinda stock. Maybe we'll see tomorrow, I think I heard the Insiders dropped 1.7 Billion Shares!!! of AOL fri. ;) This would not exactly be that long term holding thing." I'm not going to belabor you all with a full-blown defense of my "copy-cat" fund. The Legg-Mason Value Trust is a very well respected fund. The AOL and DELL shares in the fund were purchased years ago. The run-ups and splits have taken both to prominent positions in the fund. LMVTX has a very low turnover ratio. Bill Miller buys low and then holds forever. He was just named Domestic Equity Fund Manager of the Year by Morningstar. LMVTX is the ONLY fund (of thousands out there) to have beaten the S&P 500 in each of the last 8 years. I merely mention it so that others may participate in Berkie's success. Not all of us can afford 30,000 and 80,000 to purchase a share of stock and then to be able to let it sit for years. Mutual Funds are a low-cost and more liquid way to participate. Maybe it's not a "pure play", but then it ain't too bad, either. leggmason.com