who knows. The investments are the same they could go up, our primary
goal is to build primary operating earnings. Neither one of us would
give an intrinsic value it would be a range, but even our ranges would
differ modestly. You have received signals once or twice, when we buy
stock. W said it once and it went up so of course we didn't buy any.
Corp america buys when it is high not low, they may an equation that
escapes my reasoning power. We do not consider BRK overprices. We had
a very large international company and its bigger than we can handle,
but we will NOT use the stock, because in the end our shareholders
would lose because its currency. If Lubrizol wanted stock we wouldn't
have done a deal, we were happy to give $9B in cash. we would not give
a portion of stock because we don't give away a portion of already
good businesses. you can draw your own deductions from my statement?
CM_ you are looking at the two right factors, we have not lost are
ability to do interesting things with our cash, we will not be as
inactive as we are now.
We say normal earning power is $12B, we just used $9B
WB - Can you see us using stock? CM- Sure if the new businesses is so good
Sent from my iPad
