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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺ SILVER
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Number: of 22354 
Subject: Re: $362.87B
Date: 01/12/24 4:00 PM
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WEB has paid as high as $367?b? Any takers?

Well, to be picky, the top known [average in a month] price paid has been $550,813.96 per A share, which divided by the 1500:1 economic interest ratio gives your $367.20.

But since you're quoting the figure in B shares, one might consider the A:B share price ratio.
Management seems to have a strong preference for A shares lately--the highest known [average in a month] price to date for B shares is $357.22, ten bucks lower.
So if you're talking omens about the value of B shares, arguably that's the number to consider.

For those who like to read too much into things:
The preferred ratio of A to B price of management seems to have changed.
If you look only at the months that they bought both A and B shares, the ratio of the average A price to the average B price has been rising on trend for quite a while.
That ratio has been rising at about half a B share per month in the last 4.7 years.

This could alternatively be partially explained as follows:
They do like to get a good deal. During sharp selloffs when they might be buying more, B shares tend to sell off harder, and that's the days they buy the most, so the A:B ratio is higher on those days, skewing the averages.

Jim

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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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