...I listened to the clip and respectfully disagree as the relevance of BV. WEB clearly says that BV is very poorly correlated with IBV, across the investing universe; not just at BV. At 1.2x BV they were rather willing to buy back because they are cheapskates. ...
Somehow hilarious - two billionaire cheapskates! [ : - D ]
I think it's about two - thee years ago, I personally left looking at Berkshire based on BV progress. With the soft buyback threshold abolished, or at least making it even softer [upwards <-?], it does not make much sense to me any longer.
The future for Berkshire investors boils down to future earnings, future cash flows, & future capital allocation.
I speculate we'll survive , no matter what.