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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Feb 25, 1999 2:35 PM Flag

    Foreign companies and BRK

    ......."I don't feel like investing into this
    kind of bullshit. I contemplated investing into some
    Russian companies with P/Es of 2 (that's TWO) or less,
    unless I realized two things:

    1) No one knows
    what the true E is
    2) No one know how much of that
    true E will be stolen or diluted by management, or
    wasted by the unpredictable government. I did not know
    how much but I knew it was going to be "a lot".
    Enough to make me uncomfortable. And I do like to be
    comfortable and easy going."..................

    What
    can one say about Russia?......they managed to fail
    at both Communism AND Capitalism..........this
    summer the IMF pumped $50 billion into Moscow to
    "stabilize" the country........and then I'll be
    damned......$50 billion mysteriously flows out of Russia into
    Swiss banks.......the beat goes on.......

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ...why not?

      I bought some GAZPROM
      now.

      Analysts say it is 750 time cheaper as
      EXXON!?

      German Ruhrgas AG has a stake of 2.5% now and and an
      option up to 4%!

      Maybe it is a new MSFT during
      the next ten
      years.


      Regards


      Manfred, Germany

      • 2 Replies to weissma
      • ........I wish you well with your Russian investment.......They have asked Clinton for money to fix their Y2K problem and I believe he's going to give them $2 billion......

      • By:�weissma
        Date:�Feb 25 1999 4:53PM EST

        ...why not?
        I bought some GAZPROM now.
        Analysts
        say it is 750 time cheaper as EXXON!?
        German
        Ruhrgas AG has a stake of 2.5% now and and an option up
        to 4%!
        Maybe it is a new MSFT during the next ten
        years.
        Regards
        Manfred, Germany >>>>>>>- -------
        ------- ------ ------- ------- ------- ------ -------
        ---------- --------- --------- --------- -----------
        ----------- ---------- --------- -------- -----------
        -------- ----------> Sounds like a good company. One
        question I would ask, are the workers geting paid? I hear
        there's a lot of that going on over there. I'll say that
        would bring down the cost. >>>>>-- ----
        ------ ------ -> Now to the next question, somebody
        asks you for money, give it to them. What's money for?
        What are friends for? Just give it. They'll love you
        for it. You'll love yourself for it. So they don't
        know how to use it, who cares. Just give them some
        more. Oh! you can also get through to them that your
        grass needs cutting, and the house needs cleaning,etc.
        I'm sure a good friend would like to help you out.

    • Actually I think that Russia is doing better than
      it seems to you. It is just that the minority
      investors will get screwed no matter what. But capitalism
      actually works there pretty well, given the short time it
      had to develop. A 100% owner of some businesses is
      likely to do reasonably well in the long run.

      I
      agree though that lending money to Russia is stupid.

      • 1 Reply to ignoramus_
      • ""Actually I think that Russia is doing better
        than it seems to you. It is just that the minority
        investors will get screwed no matter what. But capitalism
        actually works there pretty well, given the short time it
        had to develop. A 100% owner of some businesses is
        likely to do reasonably well in the long run.

        I
        agree though that lending money to Russia is
        stupid.""

        I agree with your last statement. Almost all the
        IMF (read: U.S. taxpayer) money doesn't stay within
        the Russian borders for long - it's whisked thru the
        banks and out the country by the corrupt capitalists
        who have anything but the long-term interests of
        Mother Russia in mind. This is why Russia is bankrupt.
        Resources just don't make it thru the system to enable the
        building of the infrastructure necessary for a thriving
        market economy.

        True, business ownership can be
        very profitable but only in places like Moscow and
        even there you've got to grease the Russian Mafia
        which is alive and well. Moscow, where the ruling elite
        live very affluent lives, is the exception not the
        rule. Out in the countryside (Russia has, what, 7(?)
        time zones) people have zilch.

        JJM

 
BRK-A
217,000.00-1,280.00(-0.59%)May 22 4:00 PMEDT