Subject: Re: Brk and valuation, another opinion,
I'm not just looking at PB ratio:
3Q 5 groves $323
3Q look through $322
3Q Book + float + 1/2 deferred taxes $283


In March 2022, Buffett was buying back shares at an average price of $322.88 per B which is higher than the price today and suggests your estimates of value are too low.

As you acknowledge, the value of each share is up since then and that will be true regardless of the Q4 figures reported next month as there has been no impairment in the prospects of the business.