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

To: Michael Cash who wrote (732)	4/12/1999 12:59:00 PM
From: Fredman	Read Replies (2) \| Respond to of 1652

I think an investor invests best in what they understand best. I cannot argue with the questions you raise, but wherever you go in the world, there's Coke. And by law you have to have Car Insurance. I myself have spent the last 8-10 months studying 30-35 Oil Sector Companies, their finances, equipment, technology, and what drilling contract information i could find. I see companies with 800 million in cash with little debt, i see a company with 700 million in debt and a small amount of cash. NONE of that matters, it is all tied to the price of a BBL of Oil, PERIOD. What i am saying is, yes, in my opinion, WEB's philosophy on investing may be a bit 'behind the times', but i sure wouldn't say it's outdated by any means. I can't predict where the market is going, and i am not smart enough to try and Outwit WEB and CM. Sure, there are a lot of 'hindsight no-brainers' out there, like AOL, ATHM and EMC, but can you explain the market cap value of Amazon or Yahoo ! i sure can't. Did anybody predict Iomega and Compaq to fall on there collective butts ??