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No. of Recommendations: 3
Well, I stand corrected and concede my earlier statement. After reading this:

"Calculations of intrinsic value are far from precise. Consequently, neither of us feels any urgency to buy anestimated $1 of value for a very real 95 cents. In 2019, the Berkshire price/value equation was modestly favorable at times, and we spent $5 billion in repurchasing about 1% of the company."

I am somewhat surprised, Berkshire's intrinsic value is less than I have assumed.
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