Subject: Re: from the annual meeting on future worth
For sure an intriguing comment. He is usually very careful and specific with numbers so after the meeting I went back and heard this answer a few times. I am not sure I get his point. The question was on a "corporate raider" gaining control over BRK, so the relevant metric would be market value. $1.5tn in 12 years, assuming no capital return, would be a 6% TSR. That seems lower than his conservative estimates of the past. Guess might be misinterpreting him or simply wrong.