Saturday, May 06, 2006

Warren Buffett looking for ideas

Schaefer's Research (link) reports that Warren Buffett asked his shareholders for ideas on companies to acquire at their annual meeting. The stocks BRK.A and BRK.B are an interesting investment. An article in Barron's earlier this year says the stocks are cheap at current prices.

One bit of trivia, BRK.A traded under $40 per share during the 1973/74 bear market. It is now about $90,000, no splits. A hundred shares could have been purchased for $4000, and would be worth about $9 million today--that is one reason Buffett is the second richest man in America.

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