Quarterly report for BRK on August 14 will notlook good.Profits per share downagain.Few capital gains.Stock portfolio down forthe year.GEICO profits down again.Noturn around yet for GEN RE.Looks like all theweak-kneed portfolio managers arejumpingship.60000 soon?
The weakness in the property casualty business isjust a cyclical phenomenon and in no way reflects onthe underlying long term earnings power of BRK'sbusinesses or their intrinsic value. BRKA/B are bothmoving into a price range that is quite reasonable. Ifthe general market corrects like last summer, it willpresent a wonderful buying opportunity for BRK.BRK is a sort of bear market hedge because the lowerstocks go the more opportunities WEB has to put his cashand bond portfolio to work generating future highrates of return.Value InvestorWorkshophttp://member.aol.com/wcrimi/workshop.html
.......says..".60000 soon?".......I'd be happy if the bleeding stopped at $60........but I think it's gonna test $57 like last year before it stops......
buy on facts (bad 2Q report)?