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Berkshire Hathaway Inc. Message Board

  • bobo21029 bobo21029 May 5, 1998 6:46 AM Flag

    WB on NBC evening news

    NBC is touting that WB will be the subject of a Brokaw piece tonight, 5-5-98.

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    • Dear Bradsr,
      Thanks for your response regarding mission statements. I appreciate your thoughts.

    • Spent the weekend in Omaha. Enjoyed it.
      the meeting WB went on for about 5-7 minutes with a
      history of the supply and demand for silver in the last
      60 years. In the last few years the inelastic demand
      and inelastic supply has come to a large
      disequilibrium at the current low (in WB opinion) price. In his
      watching this commodity for the last 30 years he acted on
      his accummulated knowledge and "swung for the
      fences". He thanked all the photographers for their use of
      silver all weekend when he had his picture taken
      thousands of times. CM commented that the real lesson in
      the silver purchase to BH shareholders is not the
      benefit to the bottom line but rather in revealing the
      psyche of that very strange man sitting to his right. He
      was referring to WB who could follow something for 30
      years, having a desire to own it all along, but only act
      when the "value" was best in making a purchase.
      was asked about repurchasing share of BH and admitted
      that perhaps he should have done so in the past and
      may in the future. He believed he always had
      something better to do with the cash at the time and
      therefore did not buy back BH shares.
      Regarding MCD
      share sales both WB and CM stated that was done because
      something better could be purchased. They did not say what
      that was but it may have been the silver, the zero's,
      or maybe Dairy Queen. WB stated he still likes MCD
      When I sat down in the seat at the meeting I
      noticed some TV light stands just down from my seat. This
      was well back from the stage and about 1 hour before
      the meeting was to begin. A few minutes later WB
      walks in with Tom Brokaw. This, of course, is the tape
      that will play tonight(Tuesday) on the NBC Nightly
      News. When the interview ended WB announced that Tom
      Brokaw was a fellow Omahoan (sp?) and a BH shareholder.
      I think Brokaw then said that he originally
      purchased NFM and got BH stock when NFM was first acquired
      by BH. He then said something about $350.00 which I
      took to mean his own cost basis in BRKA. Brokaw and
      his wife just lingered during the meeting as fellow
      I hope this gives all a little flavor of the

      • 1 Reply to philvalue
      • Silver Rises on Buffet Remark

        .c The
        Associated Press


        futures rose sharply Monday on the New York Mercantile
        Exchange after billionaire investor Warren Buffet said he
        had not changed his view that silver prices need to
        rise to establish a balance between supply and

        Silver futures rose as Buffet's comments Sunday appeared
        to reinforce views that his Berkshire Hathaway
        company still holds some 129.7 million ounces of silver,
        or about 10 percent of the world's

        Silver futures have been trading in a range recently
        amid market talk that Buffet had sold a large portion
        of his holdings. The market failed to hold a
        sustained rally following his Feb. 3 announcement of his
        stake. Buffett did say his company had loaned out a
        small amount of silver for a short period of time, but
        he refused to say whether any of his holdings had
        been sold.

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