Bloomstran-IV $400/B share

“In a worst case, management suspends price discipline and spends half of profit repurchasing shares at 200% of book value each year. The share count is only nominally reduced by 18% cumulatively, or 2.0% per year. Under this scenario, presuming a decline to 13 times earnings from 13.9, the shareholder earns 9.1% per year.”

*2021 IV=$400/b share assuming stock portfolio is cut by $50B

Chris is pretty sharp on Berkshire to say the least. Had lunch with him this year.

And what did he say?

“And what did he say?”

that he appreciated your posts on this forum

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ok. Thanks for name dropping

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He seems have bought energy stocks (XOM) and paramount before Buffett/Ted/Todd’s purchases