My best investment idea was offered by WEB; his position in USG @ $15
was called a "mistake". But it turned out not to be a bad call @ $5 per
stub. My position in Berkshire Hathaway was established in 1999-2000.
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Welcome, artofgolf, to our investment research team!
I would buy BRK b/c (a) cash hoard, (b)current price relative to IV and
book is attractive, (c) get WB for $100K annually to keep the tigers on
the chairs internally and (d) there is little else out there that is
safe, cheap and secure.
<Are you the same gentleman who discussed USG with me at zenway egroup
years ago:
I remember we discussed the bankcruptcy value of USG around 2002. I
doubled up after our discussion. But I sold out too soon around $30.
Are you still holding on to USG?>
Yes, I'm the same guy. I was really surprised that more value investors
were not buying USG at those really cheap levels. I still have a small
position.
All the best,
Art