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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (42974)	6/10/2011 3:58:32 PM
From: Jurgis Bekepuris	Respond to of 78751

67% gain from 12/2002 is 7% annual rate compounded. Still, if the book value rose 9%, the stock is either more undervalued than it was, or the future is worse than it was in 2002. On one hand, your NWLI investment strongly outperformed S&P and you did not have to think where to put money, it was a buy and hold decision. And a lot of people consider that 7% is an expected rate on stock averages. On the other hand, yes, perhaps 10-15% annual would be better... ;) EDIT: Not sure if this chart link will work, but apparently NWLI and BRK-B returned exactly the same from your buy in 12/2002: finance.yahoo.com So much for looking for outperformance in BRK... ;) I guess thanks for caution regarding insurance investments. ;)