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Ok, bad comparison, as of course there MUST be a specific explanation for this big BRK move. Right?
There is always an explanation. And it's always the same explanation. It is this -
The reason any equity moves to the current price is because the weighted average of what all investors in that equity think the sum of all the future discounted cash flows have changed to. It can't be anything else. If you have 10 investors, and the stock is $100, if one of those investors thinks that the sum of the all the discounted future cash flows is $99.90, and puts his shares up for sale at that price, and another of those 10 investors agrees to buy it, and none of the other 8 investors bid above $99.90, then they agree that the current sum of all the future cash flows is now $99.90, and the trade occurs at $99.90. Now, if one of those 8 other investors thinks the sum of all the future cash flows is $99.95, and they bid $99.95 instead, then the seller (could be any one of the other 9 that thought the sum of all discounted future cash flows was $99.90) would indeed sell for $99.95 and that then becomes the consensus (weighted average of all the investors) number for the sum of all the future discounted cash flows. And this number changes throughout the day as new investors enter the bidding/asking, and as old investors drop out of the bidding/asking, and as volumes change the weighted average changes, etc.
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