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Non-Tech : Berkshire Hathaway Class B
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To: The Duke of URL© who wrote (1544)3/8/2004 3:55:06 PM
From: Jurgis Bekepuris  Read Replies (2) of 1652
 
>In his letter to shareholders, on which you comment,
> he hinted that the stock was below its IV.
>He said that the disparity between asset value and
> IV continues to expand.

If I am looking at correct section, I believe you are incorrect. He said: "Our 39-year gain
in intrinsic value has therefore somewhat exceeded our 22.2% gain in book." Book value is not stock market price.

Please provide the section, where you think Buffett hints that the stock is below its IV.

Thanks

Jurgis
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