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

To: Leroyt who wrote (693)	3/16/1999 6:49:00 PM
From: DepyDog	Read Replies (1) \| Respond to of 1652

The CNBC comments were just a distortion/interpretation of the Letter. Then they went on to say that Warren's remarks were making the Market nervous. Also that no one knew if he still had or had sold the Silver and that was making the Silver folks nervous...go figure. Anyway, I got sick of hearing it allll day long...and certainly didnt give a fair representation of what was really said in the Letter. I agree the pull backs are an opportunity to buy more but I should have let it settle down a bit before I bought at 2555...when I got home today and looked at was when I decided was a wine drinkin nite...LOL. I am still long on it but hate having dead money sitting around when my AOL is Zooooming along. I almost bought more of AOL instead of Berkshire..but looked like a tempting bargain. Oh well...Cheers, Dep

To: Leroyt who wrote (693)	3/16/1999 8:35:00 PM
From: Fredric D. Bellamy	Read Replies (1) \| Respond to of 1652

>>"The market is really NUTS! But, hey, volatility gives a LOT of opportunities to those who are patient."<< Speaking of patience, David Henry wrote the following in his money column in USA Today (Mar. 16, 1999): "Buffett said in his letter that GEICO spent $143 million for marketing in 1998, up from $33 million in 1995, the year before Berkshire completed its acquisition of the company. He said GEICO will spend 'at least $190 million' this year. . . . "This is spending ordinary companies with public stockholders wouldn't want to risk. It is tarnishing today's profits. GEICO operating earnings fell 4.3% last year to $269 million. Underwriting expenses surged 37.7% because of higher costs for marketing, staff and issuing new policies. But Buffett and his fellow shareholders are exceptionally patient, a competitive advantage for Berkshire subsidiaries."