Subject: Re: o/t msft from Barrons,
Jim,

Thanks for the thoughts. I certainly never have a firm idea on Berkshire’s valuation, but I seem to be able to get a rough estimation at times, and you certainly help me with that.

My son mentioned to me that he likes buying Microsoft stock because he thinks he “kind of sort of” knows what’s going on with the company. But then he immediately followed that up with how he really has no idea, so at least he’s not too overconfident.

I did tell him that the more I trade and fiddle around with my portfolio, the worse I generally do, so your advice is very good.