Rong

On the DTCC and Market Liquidity

Trace Mayer, I learned a number of things from your article, thank you. Though many people might pooh-pooh my knowledge of the “financial” party line, (Jim Fisher included) I think Buffett would be okay with my holdings and I may request that he send out a few of my certificates. They will not lose their value as scratch paper.

Warren Worship

After a long vacation from stock investing, for a year or so I tried to imitate Buffet. For what ever reason, maybe the up market, I gained. It came to my attention that he was running BRK for a very small percentage of its value. Let that amount equal X. Now if his results are equal to more than mine + X, then I felt that I should hire him. Disclosure; BRK, A&B now represent about 50% of our household assets, 90% of our stock and we plan to buy more.