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

To: DepyDog who wrote (726)	4/6/1999 11:12:00 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 1652

DepyDog, just kidding you, hope you don't mind but the formula for determining the number of chairs (x) is: x=(k-1)-(k*m) where k=whatever number of chairs you think there are and m=the number of yuppie mutual fund managers ready to drop this puppy the minute they figure out this stock might go down also. Duke I think it was Warren who said Wall Street is the only place where people drive up in a Rolls to get advice from people who take the subway.

To: DepyDog who wrote (726)	4/8/1999 1:54:00 PM
From: Michael Cash	Read Replies (2) \| Respond to of 1652

You raise an interesting question about Buffett not being up with the times. Berkshires' largest holdings seem to be concentrated around insurance, refined sugar products, and advertising revenues. The question might be 'are these going to be the most profitable growth sectors of the 21st century?', or will they be internet related technology, software, biotechnology, etc.? In biotech especially, we are on the threshold of a new era, with emerging treatments undreamt of only 10 or 15 years ago. Buffett admits he has no knowledge in these areas, and apparently is not seeking any. It's also possible BRK may come roaring back in the next few years after the General Re aquisition bears fruit. Far be it from me to second guess the master, but times do change eventually and we all get older....