No. of Recommendations: 14
Quock fag packet. I'll be interested in BRKB below c$420 a share based on current BV. That doesn't sound crazy.
For whatever it's worth, today's price on this line of "inflation adjusted smoothed real value per share" would be $427.85.
http://stonewellfunds.com/SmoothedRealValuePerShar...It seems to give a pretty conservative target, but it's scaled to have been "right" on average for price estimation in the last 20 years. The future may differ, or my valuation models may be wonky.
That model implies your $420 target would be about 1.8% cheaper than the 20 year average level. A further implication is that the target should rise maybe inflation+ $1.35/month this year, since that's what observable value seems to be doing on trend lately.
Jim
