Subject: Re: 1.38 x book
I believe 1.38 x book is roughly median historical book value. So it's not a screaming bargain, just a fair price in my opinion.


I think there are better opportunities in the market, I haven't been a buyer for a while. There is an active discussion on the Falling Knives board about a few of these (example: ADP, MSFT are better values, however with much different risk profiles than BRK). If BRK were to trade down to under 1.3x book I would have a different view...

tecmo
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