No. of Recommendations: 2
Morningstar was posted already: no change $765k/$510
I tweaked my 5-groves after the buyback announcement to be more in line with how I'm guessing Berkshire management thinks about it. This is a guess.
FWIW, 5 Groves 16.7x Op. earnings (6% earnings yield), nothing deducted from cash, BNSF cash not included, underwriting profit not included, partially owned at carrying value, equities at book value.
2025 $485
2026Q1 $486
2026Q1 Shareholder Equity + Float + 1/2 Deferred Taxes: $429
2026Q1 book value: $337.15
Current price to book: 1.4
I have no idea what this week will bring.
As to growth, my best guess would be the 10.5%/year history of the last 27 years, although when I'm planning how long my retirement savings will last, I lop about 2-3 percentage points per year off that figure.
I have a real 5-year IV growth (5-groves) of 4.8% CAGR. I lop 1% off that.
