Subject: Re: 2023 repurchase prices & yearend book value
“he is a buyer each month, and in fact in most months since he removed the 1.2x threshold”

I recall he and CTM have essentially said over the years they would only buyback when shares were at a “meaningful” discount to IV which I have always “felt” was 10-15% less than their avg. IV range. With So much cash in hand, Pricy equities, unclear BHE opportunities and no elephants on the radar, I wonder if WEB’s threshold discount to IV for buybacks has become a bit smaller? I suspect it has but curious as to other opinions here.