cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
at these levels??
I think some of you own Berkshire (Nords I know does), and was wondering if any of you are thinking about selling.
I keep watching Berkshire run up, and I keep thinking I should sell some. It's currently at about 93% of the "intrinsivaluator" conservative number. I always thought those numbers looked pretty high, but here we are now getting real close to it.
I looked back at previous levels of the intrinsivaluator, and he overall average valuation has been 88% of IV, with a low of 52% and a high of 128%. There have been 14 instances it has been under 88% IV, and 12 where it was over 88% of IV. The trend lately is to overvaluation (over the 88%) in the last few years, as 11 out of 12 times since 1993 it has been over the 88% of IV level.
My problem is, if I sell some I really don't have any use for the money other than paying off the new house loan or sticking it in a cash account that's paying about 6.5% currently.
I think some of you own Berkshire (Nords I know does), and was wondering if any of you are thinking about selling.
I keep watching Berkshire run up, and I keep thinking I should sell some. It's currently at about 93% of the "intrinsivaluator" conservative number. I always thought those numbers looked pretty high, but here we are now getting real close to it.
I looked back at previous levels of the intrinsivaluator, and he overall average valuation has been 88% of IV, with a low of 52% and a high of 128%. There have been 14 instances it has been under 88% IV, and 12 where it was over 88% of IV. The trend lately is to overvaluation (over the 88%) in the last few years, as 11 out of 12 times since 1993 it has been over the 88% of IV level.
My problem is, if I sell some I really don't have any use for the money other than paying off the new house loan or sticking it in a cash account that's paying about 6.5% currently.