Hi geoff nice article. Like all good chefs we make disagree on a few "minor points" but the general theme is the same that BRK/A while not underpriced is not "overpriced .Check this article out I wrote at the end of July http://www.atfreeforum.com/billyticketswin/viewtopic.php?t=8&sid=d7b8d76add96e7c70fd00fea4fb35c04&mforum=billyticketswin

Please check out the billytickets forum which is the place where high net worth investors socialize with the new young superstars of investing and those who are studying from the guys like yourself with more experience. email me at ticketbill@aol.com we will list your articles and post your link to your blog. George the owner here and myself and others are using synergy to promote like minded value investors like yourself. peace

Thanks. I agree completely with the idea we may disagree on a few minor points. Also, intrinsic value estimates will vary. I just wanted to write a post following Barron's piece that made it clear getting in at today's price is likely to leave you doing as well or as poorly as Berkshire (the business) does for the period you hold it. The stock is not overpriced the way some mega-caps were around 2000 - where buying into a great business could have left you none the richer five or even seven years later, though the business may have continued to do just fine. My one main point is exactly what you said "BRK/A while not underpriced is not overpriced".

Geoff we are on the same page .Please check out http://www.valueinvestingnews.com/storylink/1294 .You will see my website in which most of these stories appear caters to high net worth individuals who are knowledgable and have actually made money in the market