Subject: Re: Berkshire's stock price
Hi Blackswanny,

Since you write about UK stocks, I assume you are based there. Many UK stocks are very cheap compared to US peers.

One stock that I have a small position (0.5%) in is Legal and General, the insurance, pension and asset manager with a home builder thrown in. It is growing its US life insurance business, which I am not sure is a good thing. Higher interest rates should help it. Dividend yield is over 8% and looks safe and growing. Some of the terminology and accounting they use in their financial reports is too complex for me to follow.

Share price seems stuck in a range for years even when underlying trading results are good. Is this all Brexit related or is there more to it? British stocks don't get much respect these days. Even Buffett seems to have stopped hunting there sfter his Tesco missteps.

Would love to here your opinion on L&G. Thanks.