No. of Recommendations: 8
I think the answer was just given in the "Today's Barron's..." thread by
Mungofitch: I think it's fair to assume that future dips in book, like past dips in book, will all be transient. By extension, when book drops a bit it's most sensible to assume that value hasn't dropped.
... and
SteadyAim: We now have probable buybacks below 1.2 (say) and 1.5 has been close to as high as it gets
With Price/PeakBV around 1.32 we are in the middle of that range => Not a bad entry point to own Berkshire longterm, but not exactly amazingly cheap (that for me would require the around 10% lower price (B's=$280) we've seen in 2021+2022.)
