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Re: Stock Market measures Prices of Stocks
by PhilfromCalifornia

I have to endorse your recommendation. There was considerable coverage on CNBC about the decision that Berkshire Hathaway (Warren Buffet, proprietor) was going to buy Burlington Northern Santa Fe (BNI). Buffet was briefly interviewed and told what I consider a disturbing tale:

Buffet said that he called the CEO of BNI and suggested that Berkshire Hathaway buy out the part of BNI it didn't own (about 3/4). He said that he asked the CEO to take it up with "his" Board of Directors. He concluded his tale with the comment "It all took about 15 minutes". I owned BNI until I sold it a few minutes after that interview appeared. I was quite miffed that I hadn't been asked how I felt about it or even warned that this deal was coming. It sure didn't make me feel like one of the owners, and now I'm not.

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