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"If you’re not paying in cash, you’re paying it in the interest rate." Fleming estimates those costs can add a quarter point to an interest rate, which as an example, translates to $9,203 (the difference between a 4% interest rate and one that is 4.25%) for a mortgage of $176,000.
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There's no reason to do handsprings over 1995's gains.. These results have not sprung from some master plan that we concocted in 1965.. I will have more to say about Berkshire's prospects later in this report, when I. given that we have regularly used these pages to question the acquisition activities of most managers.
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