There are lots of posts about what is the price to book, value, etc. None of that matters. When the market is in decidedly downturn, everything goes down, until they stop going down. When they stop going down? When it becomes stupid cheap.
What is stupid cheap for Berkshire? It cannot be $270. I would say more like $200. So sit tight and don’t spend your cash now.
“There are lots of posts about what is the price to book, value, etc. None of that matters. When the market is in decidedly downturn, everything goes down, until they stop going down. When they stop going down? When it becomes stupid cheap.”
“When the market is in a decidedly down turn, everything goes down”. No sh%$.
Price to book is really hard to explain to someone who celebrates a $170 B investment in hope.
I could not have timed it better! The stock again in October hit $260 and grinding up since then. FWIW, I have sold $320 covered call, expecting the stock will not move above. If it does, it is actually time to buy!!