I had a $4600/share limit order in on Friday that got snapped up near the end of the day before sagging back down to $4592. In a few more weeks we'll have liquidated the kid's college fund and piled up some rebalancing cash.
 Quote:
Originally Posted by free4now
Buffet himself has said he likes to keep the market value of BRKB close to the intrinsic value, and there's no way the intrinsic value could have risen as much recently as the market value has.
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When an 800-pound gorilla gets national encouragement to open bond-insurance businesses in a regulatory climate known for being discouraging, I suspect people are forecasting a rise in the intrinsic value.
Another possibility is that the defense has rested in the trial of the Gen Re former execs without Buffett being called to testify. When that trial got underway the share price was dropping for 3-4 days.
I also wonder if publicity (as the annual report approaches) and flight-to-quality concerns are bidding things up...
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