No. of Recommendations: 5
Battleship going into stormy seas (diversified incomes, cash, management).
Do buyers expect it to produce returns over next 5 years. Maybe they are no longer comfortable with all their equities money in the S&P 500, Mag 7 but don’t want to get out of equities completely, so they find Berkshire a better option.
Valuation hasn’t mattered much to many groups of investors in a long time, so they might like the share price momentum. The cash optionally must be the main attraction though I would have thought.
Any rotation out of index and Mag 7, however small, might be having a big effect on Berkshire (one company and stubborn sellers…generally).