..........check out the charts on BRK performance. Time is on our side and Buffet has plenty of cash to work with. After the GenRe deal shakes out he'll have even more. He's probably putting together his next deal right now. Aynrands tongue in cheek post of a GE merger some day doesn't seem that far fetched to me.
Even tho BRK shares have suffered along with the rest of the Mkt. lately, they haven't gone down nearly as much, percentage wise, as the S&P 500. Buffet's shares are actually showing amazing resistence to down- side pressure.
The Company has used silver option and forward contracts to minimize its exposure to increases in silver price in 1998. As of June 30, 1998, the Company had hedged almost all of its planned silver requirements for 1998, and had open forward contracts. Based on broker-quoted termination values, if the price of silver decreased 10% from $5.36 per troy ounce at June 30, 1998, the fair value of silver forward contracts would be reduced by $16 million. Such losses in fair value, if realized, would be offset by lower costs of silver-containing products manufactured during 1998.