BVPS Q4 2019 somewhere along 160 for B shares
With a conservative 1.5 multiple we arrive to 240. Plenty of poential from here (with buybacks providing a cushion...)
In the US and Canada the best money managers typically run hedge funds and not mutual funds since they are more lucrative and flexible... Look at Allan Mecham performance over 15 years (especially pre-fees). I'd think one would argue that he trounced the market...