I am interested in ANAT. Have you done proper due diligence on it? I mean, have you read the annual report and proxy statement? Does it have goodwill and other intangibles? I looked at the balance sheet on the computer briefly but was unable to confirm the absence of intangibles.
Meanwhile, I had instructed my invetment committee that I would like to slow down my investment activities before too long when I will, no doubt, become senile. In addition I requested that they find a reasonable way to reduce my current income taxes. The committee seems to have a one track mind and continues to buy BRKB continuously. I think it is a wonderful company and I am happy with the results so far. The annual capitalists Woodstock takes place in Omaha this weekend but I will not attend this year. I will however attend the subsidiary meeting of WSC in Pasadena the following Wednesday.
"Excellence in the management of risk in American National’s investment portfolios was evident during 2007 as the economy became unstable. American National maintains a diversified, high-quality investment portfolio that excludes direct investment in sub-prime mortgage loans. This prudent investment philosophy enabled American National to avoid the significant write-downs experienced by many companies in the financial services industry."