Subject: Re: Book Value & Repurchase History
Thanks Baybrooke

Here are some longer term numbers for perspective.

Price/Book Ratio:
2001 1.95
2002 1.74
2003 1.67
2004 1.57
2005 1.49
2006 1.56
2007 1.81
2008 1.37
2009 1.17
2010 1.26
2011 1.15
2012 1.17
2013 1.32
2014 1.55
2015 1.27
2016 1.42
2017 1.41
2018 1.44
2019 1.30** (Buffett begins buying in earnest)
2020 1.21
2021 1.32

My thoughts are:
Buying at current prices is kind of a mediocre investment, on an historical basis and I am mindful of the outrageous move into Apple Buffett made, which is unlikely to be repeated due to size and perhaps Greg Abel maybe being less aggressive than Buffett in future…