No. of Recommendations: 3
So if I'm not mistaken we have been mandated here to discount Berkshire based on the over-valuation of Apple now for some time, trillions of market value ago. Yet the Apple itself was probably the largest segment of the intrinsic value gain for all the time we were required to discount it...because of course it was surely headed far lower based on extreme over-valuation.
May be...that is possibly short of Jack Welch promoting GE at the end of his CEO term, the largest analyst "miss" as to market value relative to Mr. Market, inflation, and on down to Berkshire itself as an entity, in analyst history.
