Subject: 5 Groves etc
Assumptions:
15x multiple of earnings
21% tax rate
30% of float ($49Bn) held as reserve (Berkshire say $30Bn)

Non-Insurance Operating Businesses Earnings Value 22.36 x 15 = 335
Equity Investments less Taxes 272
Partially Owned Businesses Earnings Value 1.86 x 15 = 27.9
Cash & Fixed Income Available for Investment 125 + 25 - 49 = 101
5 Groves Total Value $736Bn

A Share Equivalents 1459733

5 Groves Total Value per A Share $504k
5 Groves Total Value per B Share $336

Shareholders Equity + Float + 1/2 Deferred Taxes Total Value = $655Bn
per B Share $299

Current price to book 1.41
Price to peak book 1.32

Repurchases at $312 equivalent in December.

I'm happy.