" 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.'


Good morning Jim, since you and I have been debating this issue for 20 years this is a perfect example of relevance. Fairholme Fund is 78 percent JOE. Fairholme owns about 40 % of Joe issued and outstanding, or 23 million shares. In your opinion, IF Fairholme sold 500,000 shs in sept, would that be more relevant than any other long selling 500,00 shs?

Thank you to anyone else who wishes to opine.