No. of Recommendations: 3
" I was one of the lucky ones who got BRK shares when it acquired Gen Re in 1998. At the time, Warren published an “Owner’s Manual” for new owners like me who were not familiar with BRK. In it, WEB stated, “At the time of the Blue Chip merger in 1983, I set down 13 owner-related business principles that I thought would help new shareholders understand our managerial approach. As is appropriate for 'principles,' all 13 remain alive and well today."
Here are the principles. My question: Are they still alive and well 33 years later? Numbers 2 and 11 are of particular interest to me: Does the Board have enough skin in the game, and will BRK sell any of its operating companies? Number 7 about using debt may also require revision, given what BRK is doing in Japan."
To be fair that was written by Buffett 28 years ago. I'm sure Buffett would amend certain sections of the manual, today. Greg is putting ALL his after-tax income into brk common in the open market.
Other than putting a BRK tattoo on his forehead, our new leader can't be more committed than Greg is. Greg doesn't need the job, or the money, let's give him a few years to breath.
