Couple Headlines

For those of you that haven't been paying attention to Berkshire, they reported earnings last Friday. With little in the way of disasters affecting the insurance business, earnings for the past quarter were nearly quadruple last years. Geico alone reported earnings of nearly $5000 per share. It is a little more obvious now why Buffet is the man and why we are up almost 25% in their stock. Through the first nine months of the year, Berkshire's net operating income is nearly three times higher than it was last year, so it should be an interesting year and a great time at the annual convention.

Reading through a couple sites Monday morning I found this article that makes me a little bit more comfortable working the 80, 90, 100 hour work weeks. Granted, a lot of the compensation they are talking about is on Wall St. but there is still plenty of money to be made elsewhere in this industry. One day Miami grads will be as coveted as the Ivy Leaguers and be able to come in at the 6 figure straight out of school.


Check out NEW and let me know what you think at the meeting on Monday. I think they've been clipped pretty bad, but with the housing market, there's no telling where the bottom is.


Joel