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

To: Richard Forsythe who wrote (687)	3/15/1999 5:24:00 PM
From: Michael & B.Anne	Read Replies (1) \| Respond to of 1652

Sigh .. I think I have been transported to the wrong planet 1) in this economy there are two things of measurable value: a) the total output of goods and services b) the machinery that produces those goods and services the growth rate for the goods and services is at best 6%/yr ... the growth rate for the machinery is more than 20%/yr - year after year. How is this going to work? And in this environment BRK is ideal ... we can participate in the growth and will profit greatly by a "bubble burst." We are one of the best attack companies as well as one of (perhaps the) best defensive stock. (There are so many similarities between the US now and Japan in the early 90's .. the same arrogance and the same over valuation of assets.) 2) I thought the BRK annual report was somewhere between impressive and amazing ... we reported earnings and increased our asset worth from $56B to over $120B. We have exciting growth potentials .. from the operating companies .. thru KO and G to silver and more. Finally, WEB seemed optimistic and coy as usual. 3) and yet 469 people ran (selling the BRK.A's) and 2713 sold their B's. What did these people see/read that I did not. Why did they buy on Friday and run on Monday. Who are these people anyway? This is beginning to get personal :), those that sold their GenRe to BRK positions have already lost on their endeavors and I will be pleased when ... Oh well, a shower and some wine and I will be better. Regards