Subject: Re: Buffett Premium
"A.) Warren has said ideally he’d like the stock to trade AT fair value with owners enjoying exactly the same ride during their ownership period…doesn’t like overvaluation or undervaluation over long term…

And

B.) Starting Points Matter! The worst thing for Greg to inherit is a high stock price. He’ll be judged by a starting date of 1/1/2026. The last thing in the world Warren wants Greg to inherit is an overpriced stock on day 1. It’s not fair to Greg."


Forget what he says, watch what he does. IF he wanted to keep brk from running he would have expedited his gifting so that the foundations could sell 5-10 billion in the 520 ish range and prevented the move to 530 plus.