Subject: Re: New All Time Highs
Will Buffett come out and say that he wouldn’t be buying at this price? Like in 1996?
He said that because, at the time, Berkshire was offering class B shares for sale. Berkshire is not currently selling stock, so he has much less reason to say it now. But here's what Berkshire wrote in 1996:
Mr. Buffett and Mr. Munger believe that Berkshire’s Class A Common Stock is not undervalued at the market price stated above. Neither Mr. Buffett nor Mr. Munger would currently buy Berkshire shares at that price, nor would they recommend that their families or friends do so.