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Stocks B / Berkshire Hathaway
|Subject: Re: Updated Tilson Presentation||Date: 12/13/2012 11:26 AM|
|Author: mungofitch||Number: 196896 of 218974|
Tilson's IV estimate is $180K
Seems a little more reasonable than his figures usually do.
For earnings, he pencils in $8000 pretax plus $600 cyclically adjusted underwriting profit, total $8600.
FWIW that's 13.5% higher than my $7236 pretax plus $344, total $7580.
He used a figure for underwriting profit that implies -1.39% cost of float versus my -0.8%.
The derivation of my figures is de