Subject: Re: Just a few thoughts on the AM
Speaking of Korean companies. Didn't WEB and Charlie love Posco? The Korean steel maker.

Charlie also owned the Hyundai Motor Company Preferreds (005389.KS). Since it was listed on the Korean exchange, DJCO didn't have to disclose it on its 13F-HRs. But I could deduce the investment from the foreign exchange notes in the 10-Ks that gave closing fair values. When these closing values were matched with the closing price of 005389.KS converted from South Korean won to US dollars, the progression from year-to-year over a five-year period matched exactly.

I think Charlie got the idea from Li Lu who was big into Korean preferreds during that time.

Bill