Subject: Re: Seth Klarman on CNBC
On the lighter side, the broad US market isn't quite as expensive as it as when that article was written in 1999.
And Berkshire stock isn't expensive at all.

Berkshire isn't expensive. But is it ever?

I consider $359.52 intrinsic value. Peak book to date of $231.95 x last four quarters peak P/B of 1.55.

The price while I'm typing this is $345.03. I'm more likely to be a seller in the near future than a buyer.

Although if I was being forced to invest money today Berkshire would get it.

And maybe that's the point.

A lot of stuff is expensive. Berkshire is reasonable.