Subject: Re: Thinking of BV multiple for BRK as a function of i
The other thing I've wondered and noticed over time... as WEB refers to the "anchor" of size... The bigger Berkshire becomes and average returns drift lower will it become a self fulfilling prophecy that the slower trajectory of growth will cause it to trade at lower valuation multiples of for example PBV over the next 10 / 20 years.

Eg a 20 year period @ 9% run rate of book growth would result in book value of $1160 whereas 7% equates to $801

1160 x 1.5 = $1740 CAGR 8.84%
801 x 1.3 = $1041 6.07%

Thoughts?