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Berkshire Hathaway Inc. Message Board

  • hjclasvegas6969 hjclasvegas6969 May 9, 2013 9:16 AM Flag

    mornin brky, in the past buffett has disclosed that he and munger

    talked brk IV but they didnt agree on what IV was, that i know bro. I dont recall where or when buffett said it ??

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    • Owner's Manual, page 5, excerpt:

      The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised. Two people looking at the same set of facts, moreover – and this would apply even to Charlie and me – will almost inevitably come up with at least slightly different intrinsic value figures. That is one reason we never give you our estimates of intrinsic value.

      • 1 Reply to jad1148
      • That is one reason we never give you our estimates of intrinsic value.__

        bingo, thanks jad. So brky old pal, i never asked buffett for his current IV estimate, i know he wouldn't give it unlike Klass Klown Kass who asked buffett if he wants to put up 100 million for a short only day trading hedge fund. I'm only asking how far apart they are on average over the years, and i would like to throw lou in as well. Some day brky, buffett will man up, I had a dream bro.

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