Subject: Re: Make Berkshire Compound Again!
The current market value of the A shares that Berkshire issued to buy Dexter Shoes is $17.83 billion. That should be a clear lesson for every CEO, but somehow it isn't.

Compare that to the shares that Buffett issued to buy Gen Re, and the current market value of same - net of a generous guess at what Gen Re's now worth. BRK's quit reporting the details that would permit a guess. My estimate is that it's above 200,000 A shares. And don't claim that the GRN float permitted the purchase of other businesses. It didn't - cash flow was enough to cover those, even after the losses by GRN.

Just don't do it before eating a good meal.