Subject: Re: Back of the envelope
“Assume PE of 15 (could be higher or lower) and you get a valuation of $1.05 trillion or about $470 per share.”

Thanks, Gator! Seems very reasonable imo. Bloomstran had average I.V. $480 range in his February letter. Well if Warren is not repurchasing and we are within 5% or so of I.V., I wonder if some folks, esp. retirees, are becoming more tempted to trim some BRK shares. I have not yet, but it may be tempting to trim a little to help cover life expenses in the new year (to postpone the LTCG), esp. if B shares are priced $475-500. Are other retirees here looking at this the same way?