Fun_People Archive
22 Mar
WhiteBoardness - 3/20/96

Date: Fri, 22 Mar 96 00:32:51 -0800
From: Peter Langston <psl>
To: Fun_People
Subject: WhiteBoardness - 3/20/96

Excerpted-from: WhiteBoard News for Wednesday, March 20, 1996

New York, New York:

Berkshire Hathaway Incorporated shares tumbled as much as $2,350, or 6.4
percent, as investors took to heart billionaire investor Warren Buffett's
remarks that he wouldn't buy the stock at current prices.

In his annual letter to shareholders mailed this weekend, the 65-year-old
Buffett said he and Berkshire Vice Chairman Charlie Munger no longer felt
the shares in their company were undervalued.

"Let me also put our thoughts about valuation more baldly: Berkshire is
selling at a price at which Charlie and I would not consider buying it,"
said Buffett, who wrote the letter March 1 when the stock was trading at
$36,000 a share.

Even at Monday's reduced price of $34,400, Berkshire shares are far and away
the most expensive in the United States.  Buffett's own 479,202 shares of
Berkshire were worth $16.5 billion, down from $17.6 billion

Many investors are drawn to Berkshire's shares primarily because of
Buffett's prominence as the nation's most famous stock picker.
==========

"We will wear black and white uniforms, have one of
those UPC bar-code symbols on our helmets, and we're
going to be the NFL Generics."

Kevin Mawae, Seahawk center, as the football team
opened a workout facility in Southern California.

© 1996 Peter Langston