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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Alan Bell who wrote (2979)1/25/1999 1:18:00 AM
From: Lars  Read Replies (1) of 15132
 
Alan,

>>>
Meaning if something happened to Buffet, the valuation premium would quickly disappear. Why take that risk?
>>>

This argument has been used since the stock was $1000 per share.

The stock is selling incredibly below intrinsic value imho. I am conservative. I am not a high flyer like Justa. HA! I am not saying the stock will rocket to new highs tomorrow but it is undervalued.

The only thing I disagree with re: the Paine Webber report on Berkshire is that the price targets are off. They are on the low side.
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