VirTra Inc (VTSI)

[buddyholly]

This is a very interesting and informative article from SmallCap Market Watch.
The link (www.berkshirehathaway.com/letters/2003lt.pdf) they refer to about Warren Buffets letter is very good. Just wanted to share with everyone.

Also,what type of impact would there be on VTSI, if Warren Buffet would decide to invest in it? Just curious to some opinions. Good Luck To All.
Buddyholly

I amy disagree with what you say, but I shall defend, to death, your right to say it!
VOLTAIRE


Inside The Mind Of Warren Buffett

March 16, 2004

We have always been admirers of Warren Buffett, who many consider to be the greatest investor ever. During the dotcom era many of the leading financial publications wondered out loud if the oracle of Omaha had been rendered obsolete by the "new economy". Now these same pundits are praising his glory without a hiccup. How quickly things have turned around as shares of Berkshire Hathaway (BRK) reached a new 52 week high of $95,700 per share recently. Just think, you could've bottom fished the stock in the $40,000 levels back in the first quarter of 2000!



All kidding aside, Buffett has been the consummate rainmaker as chairman and CEO (we prefer the title of operator) of Berkshire Hathaway, a holding company that includes such insurance businesses as GEICO, General Re, and many others. Berkshire also owns and operates a number of other businesses such as apparel, building products, finance and financial products and flight services. Included in Berkshire are the investments made by Buffett that have skyrocketed in value. Take a look at the table below:



Buffett was able to turn an $8.515 billion portfolio into $35.287 billion. That is unbelievable when you consider the economies of scale that this type dollar amount requires when investing in companies. The list above includes some of the biggest names in America. The Washington Post investment increased in value from $11 million to $1.367 billion making it a nice 100 bagger.

BRK announced its yearly numbers two weeks ago and the company's profits nearly doubled those of 2002. BRK posted 2003 profits of $8.15 billion, or $5,309 per share, compared to a $4.29 billion, or $2,795 per share, profit a year earlier. Revenues rose by 51% to $63.86 billion and BRK ended the year with $35.96 billion in cash, almost triple the $12.75 billion in cash the company had on hand at the end of 2002.

We recommend that every subscriber print out and read Mr. Buffett's most recent letter to his shareholders. Most of us will not be buying shares of BRK anytime soon but that doesn't mean we can't directly benefit from the wise one. In our opinion, Buffett's annual letter is a must read for every investor. To access the letter, click the following link Buffett Letter, or paste the following address into your internet browser http://www.berkshirehathaway.com/letters/2003ltr.pdf.

The most amazing statistic listed on page one of the letter is the 22.2% average gain in per share book value of Berkshire. This magnificent performance spanned over 1965-2003 which tallies up to an overall gain of 259,485. Now that's a track record that may never be broken!