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  • ASIANBUFFETT ASIANBUFFETT Nov 18, 1998 7:57 AM Flag

    Nebraska Cornhusker Football & BRK Corre

    Imagine when these cash rich Japanese finally
    learn about this great man who really cares about his
    shareholders and who guards our capital the way some Asian
    girls guard their virginity.

    My book is expected
    to hit the shelves in at least two countries in Asia
    before the Annual Meeting of 1999. Hopefully the
    Japanese translation will come out within 1999. In that
    case, I don't see why BERK can't hit 100,000 before the
    end of 1999.

    Now, that's why I am saying all
    of us old timers should load up rather than buy in
    later.

    Of course I agree with Warren that the best case
    scenario is that BERK price goes up in tandem with the
    gains in intrinsic value. But don't forget that these
    Asian's family funds are now destroying their economies.
    It's a big joke when you talk about money. If you
    don't keep your money in the bank but hide it under
    your mattress, the stupid bankers won't lend it out in
    an indiscriminate fashion which finally causes
    financial crisis.

    Think about Thailand: more than
    40% of their banks loans are bad debts
    now.

    It's time conservative investors from Asia, especially
    those who don't want to see their money destroy their
    own country's economy, move into
    BERK!

    Remember we are not like half of Americans who find
    "refuge" in mutual funds. Asians tend to choose their own
    companies to invest in, and don't believe in mutual funds.
    BERK makes perfect sense to them. Having a traditional
    distrust of the mutual fund people's recommendations, we
    are very delighted to see a man like Warren who not
    only spurn these big-fee bums, but also outperformed
    them by a huge margin!

    As to why all investors
    in America -- except 70,000+ -- don't invest in BERK
    but find other stocks, and/or completely trust their
    mutual fund managers, I believe a quote from Warren
    himself would answer it:

    If there is nobody at the
    bottom, how can I be at the top.

    I wouldn't
    surprised if the number of Asian BERK owners greatly
    outnumber (but not outsize in shares, because of Warren's
    and other insiders' holdings) American owners. To
    find 100-200,000 Asians to invest in BERK in the next
    one or two years? I don't that as a big
    problem!

    Please, Warren, do not then allow Japanese or Chinese
    languages be used in the meeting. I am already tired of
    that when travelling in the states. I volunteer to be
    the spokesperson for the Chinese section of the
    shareholders, and I am sure there will in time be another
    volunteer from Japan.

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    • 1. Explosive growth at GEICO.

      2. Merger
      and integration of GenRe into BRK.

      3. BRKB
      added to SP500 and SP100 indices.

      4. Major new
      purchases of companies such as Hillenbrand(HB)
      by
      BRK.

      Core equity holdings are up 17% since 3rd quarter
      report,
      total stock holdings now almost $40
      billion.

      Announcement of GenRe merger soon.

    • <<My book is expected to hit the shelves in
      at least two countries in Asia before the Annual
      Meeting of 1999. Hopefully the Japanese translation will
      come out within 1999. In that case, I don't see why
      BERK can't hit 100,000 before the end of 1999.>>
      This is my point. You just don't see things clearly.
      If you really believe that the publication of your
      book will push this baby up to 100,000 in a little
      over a year, you are worse than silly, you are
      deluded.

      <<I wouldn't surprised if the
      number of Asian BERK owners greatly outnumber (but not
      outsize in shares, because of Warren's and other
      insiders' holdings) American owners. To find 100-200,000
      Asians to invest in BERK in the next one or two years? I
      don't that as a big problem!>> Whatever it is
      that you are smoking should be illegal on all
      continents!

      <<Please, Warren, do not then allow Japanese or Chinese
      languages be used in the meeting. I am already tired of
      that when travelling in the states.>> Yes, I too
      tire of hearing Japanese or Chinese spoken here in the
      states. That is why I live in Singapore, so I can escape
      such nonsense.

    • dear sir,

      i enjoyed your little article.
      What book are you referring to? Who are you? Are you
      asian born? What make you an authority on what all
      asians will do? I hope you are right.


      thanks
      tiki

 
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