Admittedly, I'm often late to the party. But I just recently became acquainted with the book plus float (or book plus float plus 1/2 deferred taxes) method of valuing Berkshire. Thanks To Tex (formerly Texirish) for bringing me up to speed. Think I'm going to stick with this for a while and see how it goes.

As an enthusiastic Berkshire shareholder (and certainly subject to the effects of confirmation bias), I have always taken delight in reading the steady stream of high IV estimates from Bloomstran, Tilson, et al. But I'm given reason to pause that market price never ever ever seems to coincide with these IV estimates. At best it seems like these estimates are accurate predictions of where Berkshire MIGHT be trading in a year or two.

Plus I guess I'm sort of enamored of the bracing simplicity of book plus float....appeals to the sluggard in me.

Berkshire Hathaway FAQ

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