Halls of Shrewd'm / US Policy❤
No. of Recommendations: 1
Years ago Buffett told us that he and Charley never diverged as much as 5 percent in their estimates of brks IV. Once Buffett passes who will decide IV, the key hurdle for buybacks? Todd, Ted, Abel, a third party who? Has Buffett given the three an opportunity to estimate IV the past few years to see how close they were to Buffett? Another question Becky wouldn’t ask.
No. of Recommendations: 9
Buffett told us how to estimate IV.
For a while folks didn't like it because it produced estimates that were substantially higher than the stock price.
Now folks don't like it because it produces estimates that are substantially lower than the stock price.
Mr. Market doesn't use Buffett's method for sure.
No. of Recommendations: 1
“ Mr. Market doesn't use Buffett's method for sure.” Do you think it’s fair to ask Buffett who will calc IV once he passes and how much experience and expertise do they have in that task? Thank you.
No. of Recommendations: 4
Do you think it’s fair to ask Buffett who will calc IV once he passes and how much experience and expertise do they have in that task? Thank you.
It's fair to ask, but I think I know the answer: Greg, Tod and Ted all know how - they wouldn't be at Berkshire if they didn't know - they all have far more experience and expertise than is required. It's not all that difficult.
No. of Recommendations: 3
A key word missed in the IV calculation is “conservatively“. Arguably this adjective uniquely describes Buffett’s 80-90 year honing.
Munger offered a prediction that it won’t be so in the future.
Tough shoes to fill for TTG or whoever else.
No. of Recommendations: 1
" they all have far more experience and expertise than is required. It's not all that difficult."
With all due respect, it must be more difficult than you think. Mr. Market has been willing to pay 20 percent more than Buffett for several quarters, no? Someone is confused with respect to how to value brkb and its potential?
No. of Recommendations: 14
With all due respect, it must be more difficult than you think. Mr. Market has been willing to pay 20 percent more than Buffett for several quarters, no? Someone is confused with respect to how to value brkb and its potential?
Your implication being the market is correct, and Berkshire is wrong?
Buybacks:
2020 $25B starting cash level $125
2021 $27B starting cash level $135
2022 $8B starting cash level $144
2023 $9B starting cash level $125
2024 $3B starting cash level $163
2025 $0B starting cash level $331
That's the clearest signal possible short of saying it out loud.
No. of Recommendations: 1
" Your implication being the market is correct, and Berkshire is wrong?"
nope, let's see how long it takes for those who paid 530 for brkb to make 5 % on their money. To repeat, imo, Buffett should be expediting his gifts, and the foundations should double their sales into 530 brkb. Thanks.
