No. of Recommendations: 1
Now we know that better minds than ours believe brkb is trading at or above IV. There is no way Buffett is a buyer at this valuation.
brk is trading at 1.55 xs BV, no way Buffett is a buyer.
So, after living over 50 years around gamblers, wall Streeter's, and various other types of grifters and low lives, looking for an edge, I ask myself, what might the buyers know that I don't?
There is a 1 in 100 chance Buffett would change his estate plans and gift his shares to 75 million American kids. THIS would be very bullish, it would keep 200 billion dollars' worth of stock out of the float for 15 years or longer, but that's not going to happen.
The Spoons IPO was very material, the way it was placed etc, even tho brkb only bought 600 million of the 1.7 billion dollar offering, has there been a dramatic change in thinking with respect to cap allocation going forward?
If, IF, there is no material news by next weekend, or by NOV 15th, when brk might disclose its q-3 activity, then the buyers of 10- 15 million shs of brk , paid up and Buffett should double his gifting and sell into the, irrational exuberance.
It's getting harder to see black print on a white background so excuse the typos until I get the eyes done. :)