Subject: Re: Charlie Munger and Costco
Watching big, mature, widely followed companies like COST go from a PE of 19 to a PE of 60, makes me chuckle when I hear people screaming on this board that we should all sell overvalued BRK and head to the hills because the price to BV went from 1.5 to 1.75 which in the scheme of many stock price runs is nothing but a trivial blip, in my opinion.