Thursday, August 25, 2011


Name an excellent brand. Berkshire Hathaway. It invested $5 Bn in a new issuance of 6% preferred BAC stock and warrants of 700 Mn at $7.14 on conversion. It's amazing what Buffet and Munger have created; "Hey... I don't think people like you guys, but they love love love us! So, we have $5 Bn for you guys on my terms. Do you want it?"

"Umm... Berkshire Hathaway? Hell ya!!!"

It's a classic problem of a lack of confidence. One needs a brilliant name to sit by. Wonder what BRK will be once Munger and Buffet leave.

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