It's April 1st, Fools Day, no spoofs here - The truth is funny enough!

When I read on Thursday morning that Berkshire Hathaway Inc (NYSE: BRK.A) was upgraded to In-Line from Under-perform at Fox-Pitt, Kelton I could not help but be amused. It seems at least a little bit silly for someone to be putting out recommendations about a company that has never lost money nor shareholder value over any meaningful length of time. As a shareholder I can attest to the fact that I was holding dead money at times. But more often I wish I had bought more shares and earlier than I did. We own 'B' shares not 'A' shares. Berkshire, with the best management period, the highest level of integrity, super cash flow, mountains of cash reserves, little long term debt, diversification of assets, a low P/S of 1.69, a low P/B 1.54, a below average P/E of 15.26 is the ultimate safe haven.

Also Thursday morning Kyle Sampson, former chief of staff to U.S. Attorney General Alberto Gonzales disputed his ex-boss's version of the facts regarding the political nature of the firing of federal attorneys. Earlier this week included in my post Cramer, Cramer, Cramer -- You screwed up buddy! I mention the AG in this context:

• There is an old expression I keep learning anew: It's the first law of holes -- if you're in one stop digging. I must have used this before in one of my posts somewhere but it is worth repeating. And if Attorney General Alberto Gonzales does not see this post I hope one of his friends points it out to him. He too seems to be digging deeper when it comes to his forthrightness relative to his role in the politically motivated firing of federal attorneys.

As the days go by we see nothing but stone-walling from the White House. Can you hear them digging deeper? Obviously none of my readers passed the message along.

Responding to one of the many posts on American Idol and Sanjaya's staying power, a guy named Phil made the following comment:

• "And I should also note that as previous posters have said, there is no vote count. The producers make sure to add this disclaimer: "VOTES ARE TALLIED AT THE PRODUCERS DISCRETION." This means that when producers get the votes, they can count them, decide they don't like the vote, then just decide for themselves who gets kicked off the show. Or, what happens the majority of the time is that the producers don't even count the votes. They just decide who gets booted. Sanjaya is keeping ratings up. Why get rid of him. Also remember this for all you idiots that send in text-message votes. YOU'RE PAYING FOR THOSE TEXTS. AMERICAN IDOL GETS A CUT OF ALL THOSE TEXT MESSAGE PAYMENTS. God, you people are just plain stupid. "

So Phil brings out another economic angle to the AI saga, it is a waste of time and money to vote on AI.......so obvious...but sometimes the obvious is not so...right Dubya? right Alberto? right Fox-Pitt, Kelton?

Many of you did not have the chance to read D.C.'s deadlock - fine by me, so take a gander, because nothing is more ironic than us citizens paying our Washingtonian officials to do something and discovering we might be better off when they do nothing!

Enjoy the day!

Sheldon Liber is the CEO of a small private investment company and the vice president for design and research at an architecture & planning firm. Check out his other posts for BloggingStocks here.

Sunday Funnies: Berkshire upgraded - Gonzales down originally appeared on BloggingStocks on Sun, 01 Apr 2007 15:10:00 EST. Please see our terms for use of feeds.