No. of Recommendations: 4
When Warren was asked at the annual meeting about the difference in the price paid in Aug '22 for Greg Abel's 1% stake in BHE and the price paid in Oct '24 for the Walter Scott family's 8% stake, he replied that the value of the company had declined. As Barron's described
https://www.barrons.com/articles/berkshire-hathawa...the price paid to Abel was $1,175/share, whereas the price paid to the Scott family was $650/share, a decline of 45%. The 2022 purchase implied a value for the entire company of $87B, while the 2024 purchase implied a value for the entire company of $49B.
This is a huge decline in the implied value of BHE. Can anyone explain the decline in value of BHE in more detail than Warren gave?