Subject: Re: Selling BRK pre/post meeting?
How long can the price stay irrational or get even more so?

There was a lot of discussion of valuation when I bought in (around 2009-10?) and my takeaway back then was that about 1.75x was fair value and that multiple would probably rise over time. As it's turned out there's perhaps no reason for a higher value now, but I would still see 1.5-2.0x as the fair value area. That leaves under 1.5x as cheap and above 2.0x as expensive. Just my 2p, obv.

SA