Subject: Re: 1.38 x book
thesaltyone:
I believe 1.38 x book is roughly median historical book value. So it's not a screaming bargain, just a fair price in my opinion.

Historically over the last 25 years, when BRK has traded at 1.38 x book, it has average ~15% gain over the next year. You can see its average returns over other shorter and longer holding periods, and at other P/B ratios in this blog post: https://kazart.blogspot.com/20...

R:)