Subject: Re: Barron’s piece on Berkshire
...might have been shopping in europe recently ? he did shop in israel once...

When prices get cheap, perhaps.

Given the many opportunities that Berkshire has had to buy European equities in the last several decades, it seems that there is some hesitation on the part of management. The ratio of rewards to capital versus the other stakeholders (labour and government) has historically been lower in Europe. Shareholders tend to get more of the pie in common law countries, perhaps.

Jim