Subject: Re: The S&P 500’s Yield Is Weak.
“ As that implies, we would rather see Berkshire's stock price at a fair level than a high level. Obviously, Charlie and I can't control Berkshire's price. But by our policies and communications, “ With all due respect I read that decades ago too. How long is it going to take to realize that Buffett had no idea how to value Brk long term or what others would be willing to pay for his vision? It still isn’t obvious he underestimated his value, long term?