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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt 🐝  😊 😞
Number: of 21939 
Subject: Re: I’m Trimming - Filed @472
Date: 09/03/24 2:15 PM
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Price-to-last-known-book 1.724.
... In any case, I think the momentum boys have climbed on board for a little while, Berkshire is now rallying even a bit more than other insurers.


Well, crap! BRK is my largest holding, but that P/B is *really* high, historically.
According to financecharts.com - Price to book value the highest was 1.82 at Dec 2007.
Next highest was 1.64.
Ycharts shows it is currently at the 5 year high. (5 years is the most you can get without subscribing.)

I would be afraid that a covered call would play me for a fool like it did last time. Not a whole lot of money, either. The Oct 500 call is only 4.65 with BRK-B at 478.

At 500 the P/B would be 1.79. Possible.

what to do, what to do, what to do?
Trailing stop? Covered call?
Of course, "nothing" is always an option.

Berkshire is now rallying even a bit more than other insurers.

Dealraker made a post on 9/1/23 where he talked about AJG and BRO and insurance being "an absolutely fantastic business".
On 9/13/23, "I've been hyping the insurance brokers AJG and BRO for 25 plus years."

A post on 12/19/22 quoting Buffett, "We should have gone into the insurance brokerage business instead of underwriting" where he mentioned AJG and ERIE.

Sorry for the rambling. This BRK action has got me at sixes and sevens.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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