Subject: Re: Berkshire undervalued
One of the great things Buffett has done for his shareholders is help keep Berkshire's share price rational.

There are many stories of investors exiting great businesses too early and breaking long term compounding runs, with life changing effects.

It's not so easy to hold for multiple decades. Holding Berkshire has been quite easy, in part because most of the time it seems undervalued, or fairly valued. Some of that is due to honest and conservative communications from Buffett. Long may it continue.