What about 2008-2009?
What about 2008-2009? DetroitBadBoy
Donât know. Iâm not a current subscriber to Y-Charts. âFreeâ data only goes back 5 years.
I bought some calls (your ânibblingâ) at 1.2 and will do so in a large way in the unlikely case of <1x BV
I am a lier. Having just seen a price of practically exactly 400,000 I couldnât resist and ânibbledâ again. I am too weak to be a good investor, giving too easily in to temptations.
If this source is correct, Brk.b never went under 1.5x during 2008-2010:
https://www.financecharts.com/stocks/BRK-A/value/price-to-boâŚ
Hard to believe
If this source is correct, Brk.b never went under 1.5x during 2008-2010:
Did you mean 1.15?
At the price at the moment of $268.60 per B, P/B is 1.166.
Using ratio of price to peak-to-date book, it has been cheaper than that 10.1% of days since the start of 2008 and 5.6% of days since 1996.
But those days are very clustered.
Other than the stretch during the 2020 pandemic bear, it hasnât been this cheap by P/B since the 1.2 buyback threshold was first announced in 2012.
One possible interpretation:
In effect, it was a stretch of cheapness like today that made Mr Buffett say âenough is enough, letâs do buybacksâ.
Jim
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Brk dropped to a low of 0.92 x book in the last 5 years (March 2020), that would represent c210 per b on current metrics.
My view is that a low will fall somewhere between 210 and 250 (0.9 and 1.1 x book), at some point.
Thatâs what the tea leaves sayâŚcurrently working on the entrails.
When youâre working off a 9% per annum growth rate over 10 years from a price of 280 (1.2 x book, which would be 662 dollars per share in 10 years⌠the odd 20 dollars here or there in buy price doesnât seem to matter that much.
Trust the process.
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https://static.fmgsuite.com/media/documents/8b3d617a-4dc3-4dâŚ
Again, read starting on PP 75 of SA Bloomstran letter
From $300/B share and some awful assumptions, still get decent result. From these prices great results.
Did you mean 1.15? Jim
Nah, I clicked on the chart and it reads 1.51. I just checked their data table and it looks pretty wonky, missing dates and all!
My view is that a low will fall somewhere between 210 and 250 (0.9 and 1.1 x book), at some point Blackswanny
I have a flash crash/panic-induced buy price of 211-218 based upon an unclosed gap up in this range, I doubt it would stay there or not sure if it will even get there. But you never know! Iâd like to see a very high-volume sell-off day (16m+) and maybe a ^vix spiking around 80. Of course, I will reload my traders in levels between here and there if possible. Today is a great buy too! My BRK core holding is a large chunk of my total net worth. No worries!
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I predict the mkt will bounce back to new high in 3 months.
the fact VIX is low might indicate that when the crash happened people were buying puts. Instead, fund managers just liquidated. That means there is more cash on the side line to buy.
besides, the economy is sound. everybody has job. Itâs just a lot bubble , and these bubble should be bursted, and thatâs good.
Fed should have raised rate by 1% yesterday. They need to be more aggressive and get inflation under control and get it over with.
I predict the mkt will bounce back to new high in 3 months.
I would bet 50 Bâs at current price against that.
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I predict the mkt will bounce back to new high in 3 months.
You may very well be right. I spoke with a friend who works at a small regional commercial bank and he said his clients, many of whom are small business owners, are flush with cash. Most are holding twice the cash they had before the pandemic, and many are still flush with PPP money. I got the impression that there is still a lot of capital waiting to be deployed.
PP
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Today is S&P index rebalance day. Index research providers say there shall be about 1m of selling supply from index trackers.
More buying by WEB today.
Actually itâs about 2m shares