Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures." -- Daniel Webster
Thursday, June 19, 2003 :::
It's been previously noted in this space that "Warren Buffett" and "Berkshire Hathaway" are often conflated in the financial press. Hence the headline Buffett sells Great Lakes shares, which story details that
The shares were held by car insurer GEICO, a unit of Buffett's Berkshire Hathaway Inc. (NYSE:BRKa - News) conglomerate.
The punchline here is that GEICO chairman Tony Nicely manages the GEICO portfolio himself, with enough independence that there's a reasonable chance that Buffett is learning about the sale in the same way as you and I.
Update:my brother has a correction.