Subject: Bloomstran: “The stock was overvalued”
Berkshire shares tumble as Warren Buffett prepares to step down
https://www.ft.com/content/86e...

Nothing new (to me) in this FT piece yesterday, except this quote:

Buffett, who oversees the company’s share repurchase programme, stopped buying back Berkshire shares in May 2024. He repurchases stock when he “believes that the repurchase price is below Berkshire’s intrinsic value”, according to company filings.

“The stock was overvalued,” said Christopher Bloomstran, the president of Berkshire shareholder Semper Augustus Investments. Bloomstran added that he believed the recent pullback might entice Buffett to start buying again soon.

I had Bloomstran pegged as a perma-bull. Anyone remember his last IV estimate?