From my own calculation, BRK is not cheap at all. There is always a Buffett premium. Personally, I don't think this has been priced into the current stock quote. Market is always short-sighted.
On the other hand, don't get me wrong though. Buffett is my No.1 hero in investment (the other two are DE Shaw and James Simons). As Buffett said himself, the secret to investment success is to AVOID risk. To me this is a potential risk and I want to avoid it.
Of course, Buffett might well live into his 90's.
On the other hand, don't get me wrong though. Buffett is my No.1 hero in investment (the other two are DE Shaw and James Simons). As Buffett said himself, the secret to investment success is to AVOID risk. To me this is a potential risk and I want to avoid it.
Of course, Buffett might well live into his 90's.