Just a reminder that in markets, anything can happen, including to the upside.

If a fake, made up currency, backed by absolutely nothing can trade for $60,000, surely it's POSSIBLE that BRK could make a move that may be seen by many as a mere 10, 20 or 30% too high.

Two random thoughts:

1) In recent months we have seen massive percentage moves by companies with larger market caps than BRK, namely MSFT, Nividia, Apple and others.So size does NOT appear to be a limiting factor these days.

2) Perhaps past valuation bands need to be revisited given WEB's historically aggressive buy back of shares in the past 24 months or more?

I'm not saying I don't believe in historical valuations, reversion to means, or that the odds favor a further move to the upside.

All I'm saying is that we have seen pure insanity when it comes to valuations in the market on a daily basis forever, so it may not be smart to get too cute if you don't need the money and you hold stock in an account where you will owe taxes as well.

Anything can happen. Maybe it's the time for us nervous nellies that prefer to invest conservatively over the long haul to have our moment in the sun.