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Editorial illustration: A photorealistic still-life of a massive steel safe door left slightly open in a quiet boardroom, with stacks of U.S. Tr
AlphaBlog

Berkshire Isn’t Cheap, But It’s Still Berkshire

$BRK.A is no cigar butt, and it’s no bubble either. The case to buy today rests on paying a fair—not generous—price for an insurer, allocator, and equity portfolio wrapped inside a balance sheet that still looks built for bad weather.

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