Description

# most is "deferred taxes and insurance claims to be paid later, which gives the company extra earning power.

* 80.1% is owned by Berkshire Hathaway (WEB has agreed not to buy the balance until certain of original owers have passed away.

Book value is apx 266 (at 12/31).

At 12/31 owned 4 shares of Freddy Mac for each share of WSC. (has sold off about some of FRE since first of year, probably to buy CORT)
Has 1+share of Coke(KO) per share.
Is run by Charles Munger.
Owns a profitable steel co., insurance company, and CORT a furniture rental company.
Address is:
301 East Colorado Boulevard, Suite 300
Pasadena, California 91101-1901
626-585-6700
Should get annual report for Mr. Munger's letters even if you don't buy stock.

Catalyst

value investing will return