Have you ever thought "That person / company / etc. is being irrational" ... and then when you dug into the details, realized you were wrong -- that their strategy actually made sense, or that their goals were different than you assumed? I'd be interested to hear examples!
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You can buy brk shares though. But I suppose market has priced expected future outperformance
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Not really. Berkshire does not sell at a huge multiple of book value.
End of conversation
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