Subject: Re: Seth Klarman on CNBC
"And Berkshire stock isn't expensive at all."

With regard to the S&P overall valuation relative to Berkshire, the current market value of our equities (not counting some foreign stuff)
is $375 billion against a market cap of about $744 billion. Call it 50%. Significant to say the least.

If the S&P takes a hit and returns to a more modest valuation, so will Berkshire.

https://www.cnbc.com/berkshire...