I 100% agree that the price of Berk past any very brief period of time isn't related to the selling of the Gates foundation. The price of Berk, regardless of the Gates foundation, outside of any incredibly short time period - is going to be at prices that investors sense it is worth given its current value via future outcome/earnings or whatever.

Over on the COBF forum we have a guy who is very much into St. Joe and any time the price falls it is - in his view - always that Bruce Berkowitz' Fairholme is selling the stock. Fairholme owns of course a lot of St. Joe and it seems at times Berkowitz is forced to sell from investors leaving his fund.

Then of course Fairholme quits selling and the price of JOE doesn't move for lengthy periods or continues to go in the wrong direction for the complaining poster's logic. And of course with JOE continuing to sell well below when the complaining began ---- nothing is written or discussed about Berkowitz/Fairholme for long periods.

Berkshire Hathaway FAQ

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