Subject: Re: Buffett Premium
" But he does communicate in a way that encourages and enables reasonably accurate calculations of intrinsic value, in the hope that price will not stray too far from value."


Good morning, obviously those who paid 535 plus 90 days ago didn't get the memo. I was suggesting brk was too high and that short brkb long spy was the right play at that time. IF you were sharing that same idea in real time that's great, you may have helped save potential buyers 10 percent. When Buffett refuses to buy one share at very high valuations how do we explain the stock running to 535? WHO was betting Buffett doesn't know how to value brkb? Did Buffett effectively value brkb and its potential 15 years ago? Thank you.