Subject: Re: Valuation
Extrapolating BV or P/B or P/S or P/E is just a way of bedazzling yourself with numbers. Just because you can measure something doesn't mean that you can predict with it.

I would disagree, if you find the right combination of predictability and forecastability it can be a great combination.

For example: Google has a very predictable business, and as luck would have it has traded in a pretty narrow range making it somewhat easier to forecast future stock prices. I would put BRK in the same category.

tecmo
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