Subject: Re: Berkshire's stock price
Interesting. Berkshire's price is going through the roof - and nobody on the Berkshire forum is really interested in that, as if it's taken for granted. If I look at it's longer term (10+ years price performance/chart in relation to earnings/book value) I absolutely do not take it for granted but think it's unsustainable, having gone clearly ahead of itself and being 10-15% higher than it "should" be, with unavoidable consequences: Flat or falling price for quite some time, whether starting tomorrow, next week, next month or whenever - with resulting returns from here for the next 1-2 years being negligible.

Call me a pessimist (the future will show whether pessimist or realist :)