12 multiple up to market multiple. And as Buffett points out Bonds are not an option and stocks are not overpriced.
This ones really simple folks. Warren did the home work for you.
Just use his 2 column method.
Even a cave man can do it.
$110 is back up the track at 11 times earnings and historically low price to book.
The stock is cheaper now than it was for much of the past decade.
It was great to see WEB so optimistic.
And he said he would like to buy a whole lot more stock.
It's not cheaper now that it was for much of the past decade. One easy way to see that is to look at the 10-year price chart.