My number is in the middle of your range,$107,500.Investment gains in the stock portfolio,gains in the derrivitive book,and a pretty good operational quarter for the subs,and no big insurance claims like a year ago.I like the mid $80s for the stock during the second qtr.Remember,it started the year at $76.30 so mid 80s represents a 11% increase by mid year in a" bouncy" market.Thats just fine with me.
Two ways.. (1) Intrisic value is 175K on A and 116 on BRKB. (2) FWD Book value (i.e. by next year) will be 80-85. 1.2 times that is 96-102. BRK will buyback if it falls to 1.1x of book or 88-93 in the next 1.5 years It is too cheap at 79