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Date Posted: 08:38:10 03/19/04 Fri
Author: C. Oliver
Subject: Berkshire

Jim
Enjoyed your comments on Berkshire-Hathaway and Warren Buffett. Wish you would expand on them, however, by explaining that Buffett is in effect running the world's largest hedge fund--making opportunistic investments in currency markets, buying and selling foreign junk bpnds, buying silver, etc. It's about the only way he can keep up his track record of 20% plus annal gains in book value.
Regards
CCO

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