So do you want to make some money?

[socket985]

Here's how you do it if you have lot's to spend to start with

Quote
Berkshire acquired its holdings of PetroChina (PTR) in 2002 and 2003 for $488 million

sold in 2007 for $4 billion. Explaining the sale, Buffett says in his letter that the value of PetroChina had grown

Do you think it grown just a little?

Now the Tax Bill Paid was

He added that the $1.2 billion of federal tax Berkshire paid on its gain was enough to pay all costs of the U.S. government - "defense, social security, you name it" - for about four hours.

[Eagleclaw]

WOW!!! 4 whole minutes.. that's a sad statement. Heck i could make it last at least twice that long... give it to me and let me deal with it..

Originally Posted by socket985

Here's how you do it if you have lot's to spend to start with

Quote
Berkshire acquired its holdings of PetroChina (PTR) in 2002 and 2003 for $488 million

sold in 2007 for $4 billion. Explaining the sale, Buffett says in his letter that the value of PetroChina had grown

Do you think it grown just a little?

Now the Tax Bill Paid was

He added that the $1.2 billion of federal tax Berkshire paid on its gain was enough to pay all costs of the U.S. government - "defense, social security, you name it" - for about four hours.

[Eagleclaw]

well i gave it more thought and i didn't take into account my wifes C.C bills that would burn up most of that 1.2 billion...

[socket985]

C.C Bills isn't that the truth
Talk about burning through money a few swipes later and it's when statement time comes. I spent that amt. WoW