new thread, page-96

the strategy I have adopted with aui and wow, has been to accumulate on the spare cashflow left over, regardless of price [well not entirely, but you get the drift]. As our good friend, the oracle of omaha had said in his letter on May 29th, 1969 [no mistake in this date, refer to Buffett Partnership Ltd] "...want the relationship to be life long. I certainly have no desire to sell a good controlled buisness run by people I like and admire, merely to obtain a fancy price." Nothing further from the truth, in 1958 he discusses about mercurial temperament. I think there are more mercurially tempered people in the market now for the past year and their duration of their stay will be limited to how long they think profits [or the smoke and mirror profits reported by some companies these days] can be made quickly and effortlessly.
Thinking of buying into brk.b? Well worth it during the high Aud currently.