"didn't the SEC, FORCE, FORCE him to mark to market our public company holdings and DISCLOSE them ?"
I remember a week or two after that, the buy turned positive.
I like that you hold Buffett responsible for TESCO's accounting fraud. You are a class act.
Why are you still here?
It is very SAD that your kids own stock in a business run by such a joker. You can't make this sheet up.
"This cheery prediction comes, however, with an important caution: If an investor’s entry point into
Berkshire stock is unusually high – at a price, say, approaching double book value, which Berkshire shares
have occasionally reached – it may well be many years before the investor can realize a profit. In other
words, a sound investment can morph into a rash speculation if it is bought at an elevated price. Berkshire
is not exempt from this truth."
So, somewhere between 1.2 and 2. Hmmm...