Subject: Re: Berkshire's stock price
The secret sauce at brk has always been the fact that Buffett and munger have generously worked for their partners for 50 years, free!! No dilution, no options , no huge salaries etc. Not that I try to be the most popular poster in Brkville, but the notion that Buffett has been a great capital allocator the past 25 years is folly. When he bought ibm, I argued he should be buying and promoting brk not ibm. Toddfinance and others weren't too happy with my opinion, I'm laughing just thinking about it. I'm curious, what do you see as a catalyst, to generate new demand, for brkb, going forward? Thanks.