Berkshire Hathaway Class A (1 Viewer)

[Njja]

Anyone else in the Stock Market out there?

Big news today Berkshire Hathaway most expensive stock at 100 Grand a share.

Interesting fact.......there are 154 million shares outstanding.........however

Mr. Buffett issued himself 3.7 million shares at a cost of $0 in July of 06.

He gave away 600 thousand at $0 value (tax write off) but still holds

3.1 million shares with only 1.54 outstanding??????

That would make his net worth 3.1 TRILLION......not 36 Billion.

Why is this not mentioned?

One of the other directors of the company has 70 shares worth 7 million....

he has in the last 2 years made 55 Million selling shares and buying them

back on options at $2800 a share (selling them for $85500 per share)

Anyone out there know how to turn 7 million into 55 million in two years?

I would love anyones comments, or explination of above listed information.

Njja

 

[sceic2]

Somebody is green......

All that BH has proven to me is that timing and luck is everything. Buffett says he invests in the "boring." Well even boring has luck associated with it. Yes, he has good business sense, but having that good business sense does no good if you are not in the right place at the right time to make it pay. Color me green too.....