No. of Recommendations: 1
" Hi HC, doing my best for the team... I have replaced my Buffet buying with my nephew buffet buying.. if everyone here does similar, no problem :-)....actually ST its even better as I dont sell mine and he is buying, the available share count in my corner of reality is supportive :-)"
Hi Bird hope all is well. When we first met 20 plus years ago we were buying Buffett near BV, PLUS, Buffett had many moves he could make to get the stock higher, as you well know. I'm sure you remember how brkb traded when Buffett finally authorized a buyback, with a silly 1.1 xs BV limit, many years too late.
A buyback at, material discounts to IV is already baked in, Munger is gone, Buffett is in very late innings, brkb buys no longer get the, Buffett bounce", this is no longer the brkb we bought 20 plus years ago. At 1.45 xs BV, a slight discount to IV, maybe 15 % or so, your nephew isn't getting the future we got long ago.
Good luck to you both, I'm a hold, at best, for the next two years.