No. of Recommendations: 16
I've read these for a few years. How come his price expectations are always so far off!? Is it because BRK is the biggest portfolio holding perhaps?
Like Mr Tilson, I take this view:
If an observer is using a sane valuation method but is forever too optimistic,
just look at whether they're more or less optimistic than they usually were in the past.
e.g., if the forecaster's past price targets ended up averaging (say) 20% too high, does he forecast more or less than 20% upside at the moment?
Jim
