Subject: Re: RW, brkb and valuation.
Playing around with price to book.

*301 x 1.4 = 421 current fair value?

*301 x 9% book growth @ 5 years. = 463 book per B.

And

463 x 1.4 = 648 fair value in 5 years

*510 current to 648 over 5 years = return of 4.91%pa.

Entry price for a desured 10% return over the next 5 years would be c$400

Thoughts?