You guys do realize that the stock portfolio is a BIG part of BV, right? S&P is down around 8% since quarter's end. BRK port is probably down 6-ish%. Derivative marks should be way down, though I haven't looked at currency effects, or interest-rate effects.
Figure, roughly $4-5B for the total net drop in the stock port and derivatives marks. Add, say, $2B for op-earnings since then.
Clearly, BV is *down* for the quarter, not up, and probably down by a good amount. Call it $2.5B, ballpark. Say, $1500 per 'A,' and a dollar per 'B.'
Current BV, maybe $105K/$70. Nice easy round #'s.
Current buyback threshold, $77. Current ratio, about 1.14.
It would be closer, of course, if he was using last-reported BV, but we don't know that, since he hasn't bothered to tell us, and, incredibly, no one has bothered to ask him (as far as I'm aware).
I've assumed from the beginning that it just doesn't make much sense to use last-reported numbers, and that Buffett must be tracking the approximate 'instantaneous BV' day to day.
In any case, it's awfully goofy to be making judgments off the fact that BV has 'clearly risen' since the quarter-end, when, in fact, it's clearly *dropped.*