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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Feb 18, 1999 1:18 PM Flag

    why would he buy these..

    ......."I'm glad as hell that WEB lets us hitch a
    ride with him, but why does he do it? He doesn't get
    paid much to run BRK (other than his stake in the
    company), so why let us little guys in at
    all?".....simple.....he NEEDS us. He can't be WARREN BUFFET without us;
    and he really likes being WARREN BUFFETT......Some
    guys when they get older and real rich like to be
    reverse snobs......Sam Walton was one.....drove an old
    Impala, .......brought his lunch in a paper
    bag......raised bird dogs.......but in his heart of hearts, he
    was a fierce competitor......Buffett's the same
    way........low key guy; steel trap mind......says he still loves
    the game.......he'll never stop...........die with
    his boots on and make a lot of folks rich in the
    process.........the beat goes on......

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    • On June 19, 1998 when Buffet was striking the
      deal with General Re and when Bershire Hathaway A
      stock was valued at $84,000 (Berkshire Hathaway Valued
      at $2795) he announced the following:

      Warren
      Buffett, Chairman of Berkshire, commented: "The merger
      will bring more than $80,000 of investments to
      Berkshire for each Class A or Class A-equivalent share
      issued. That's beneficial, being nearly double the
      existing level, or, put another way, the merger brings
      more than $24 billion of additional investments to
      Berkshire.

      Recently the Paine Webber Analyst valued
      Berkshires A value at between $91,000 to $97,000, and she
      pulled back her estimates a couple of times, so as not
      to sound foolish. But look at what Buffet said that
      everybody seems to have missed. Buffet is usually very
      conservative. He tends to understate the facts. He is saying
      the value of the merger with General Re will bring an
      additional $80,000 to each Berkshire A ($2666 to each
      Berkshire B.) So if the stock (BRK.A) price today is
      $71,900 and you add another $80,000 that mean the stock
      (BRK.A) is valued at $151,900 (B Stock value is
      $5063.00.)

      People have missed this key fact in this news release.
      If you are going to climb aboard, better climb
      aboard now before people realize this, and the stock
      starts to rise to meet Buffet's valuation.

      Read
      it for yourself. It's posted on Berkshires Official
      Web site. This news release is found
      at:
      http://www.berkshirehathaway.com/news/jun1998.html

 
BRK-A
192,900.00+400.00(+0.21%)Jul 11 4:01 PMEDT

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