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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (57180)	4/23/1999 3:41:00 PM
From: Freedom Fighter	Respond to of 132070

Howard, >>Wayne, have you ever thought of going long on berkshire and shorting the dow or spoos with the same $ amount... << Yes, all the time. My view is that we have enormous overvaluation in the blue chip area. However, I do find pockets of value here and there mostly among smaller companies. I also suspect we are in an economic bubble related to the bull market and excess credit. So the income streams and asset values of many of the companies I am interested in are not trustworthy (in my mind). I can't quantify these sorts of things in a way I am comfortable with. So I often think about buying things that "appear" to be good value and offsetting them with stuff I hate. That's part of the frustration of this environment for me. In order to do anything besides twiddle my thumbs I have to do things I really don't want to do or have little experience at. As far as BRKA/B, I think it's pricey right now and would not buy it, but I still like it better than most blue chips. Wayne