Subject: Re: The Berkshire Problem
1. How many names in the S&P are going to be 15x earnings in the next 12 months?


Is that

How many names in the S&P are going to be trading at 15x (earnings in the next 12 months)?

or

How many names in the S&P are going to be (trading at 15x earnings) in the next 12 months?

?

Jim