Any better guesses out there?


Better? Not likely. But here is what my year end tea leaves say.

The tracking I use for the equity portfolio shows it was up $31.2B after tax for $22,830/shr.

My guess for steady things is $8.27B after tax for $5730/shr.

Add it all up for a total quarterly increase of $27,332 to $390,745 book value per A share or about $260.50/B.

My tea leaves have been steadily under estimating book for at least the last year though, so I would not be surprised to see it come in higher. The uptick in underwriting performance as well as the increased interest earned on cash, I think, have been the main drivers of the under estimations, but offset somewhat by the provisionals at PacifiCorp.

Any thoughts on IV? It seems like the Ops earnings being under trend could directly offset any haircut needed to the Apple position. I would put IV in the $562,000 to $570,000 per A share range ($375-$380 in Bs)

Jeff