On the race to the new milestone: $300,000/share!

[Buffett_Groupie]

https://finance.yahoo.com/q?s=BRK-A&ql=1

 

Enjoy and cheers!

[augustabound]

Funny, I hadn't really thought of Berkshire stock in a while, outside of what Ted and Todd are doing.

I looked this up this morning and wondered how long until $200k too.  :D

 

Then I wondered how long until $500B market cap.

[caprivenky]

Will it ever reach one million

 

[augustabound]

Will it ever reach one million

 

Growing at 8.5%, it'll take 20 years. See you in 2034.  ;D

[Buffett_Groupie]

It's good to under-estimate by everyone and over-deliver by Buffett!

 

Besides, 8.5% compounded for 2 decades years without paying any taxes (until sale) is much better than 8.5% dividend or interest income, right?  In addition, if you borrow money at 3% to get 8.5% while the interest expense is 100% deductible against your personal income, then your effective borrowing rate is less than 2%, which translates to even higher return than 8.5%! LOL  :)

[Guest longinvestor]

It's good to under-estimate by everyone and over-deliver by Buffett!

 

Besides, 8.5% compounded for 2 decades years without paying any taxes (until sale) is much better than 8.5% dividend or interest income, right?  In addition, if you borrow money at 3% to get 8.5% while the interest expense is 100% deductible against your personal income, then your effective borrowing rate is less than 2%, which translates to even higher return than 8.5%! LOL  :)

 

+1

I will happily take 8.5% over 30 years. That return comes with sleepwell pills. Actually getting more myself thus far. I chuckle when reading message board posters make point estimates over 30 years with such certainty.

[Buffett_Groupie]

Making another run for $200,000:  :)

 

http://finance.yahoo.com/q?s=brk-a&ql=1

[augustabound]

Making another run for $200,000:  :)

 

http://finance.yahoo.com/q?s=brk-a&ql=1

 

Now you've got me ticker watching for a stock I don't own.  :P

[Buffett_Groupie]

If it doesn't reach the milestone tomorrow, one of you can simply place an order for $200,000 to make me happy! LOL  :)

[augustabound]

If it doesn't reach the milestone tomorrow, one of you can simply place an order for $200,000 to make me happy! LOL  :)

 

I was just going to reply to the thread by telling you to put yourself out of your misery and put in a market order at the open for $200k.  ;D

If you're lucky with an M.O. you may get it for $210k.  :P

[Buffett_Groupie]

Expecting to be out of misery today! LOL :)

[augustabound]

I don't normally watch volume or pre-market etc. But apparently pre-market it was at $199999 according to the always trusty Google finance.

Somebody's toying with us.  ;D

 

 

[gfp]

it happened, fwiw

[augustabound]

it happened, fwiw

 

I don't feel any different.............. ;D

[fareastwarriors]

There's even an article on CNBC about it.

 

 

http://www.cnbc.com/id/101914667

[Hielko]

Also got a push message from Bloomberg. Apparently an important event...

[Buffett_Groupie]

Fill in the blanks:

 

It took 20 years from IPO at $12 to $1,000.

 

- 9 years from $1,000 to $10,000

 

- 14 years from $10,000 to $100,000

 

8 years from $100,000 to $200,000 (today, August 14, 2014)

 

?? Years from $200,000 to $1,000,000

[Guest longinvestor]

Fill in the blanks:

 

It took 20 years from IPO at $12 to $1,000.

 

- 9 years from $1,000 to $10,000

 

- 14 years from $10,000 to $100,000

 

8 years from $100,000 to $200,000 (today, August 14, 2014)

 

?? Years from $200,000 to $1,000,000

 

12

2026

 

 

[Guest longinvestor]

Fill in the blanks:

 

It took 20 years from IPO at $12 to $1,000.

 

- 9 years from $1,000 to $10,000

 

- 14 years from $10,000 to $100,000

 

8 years from $100,000 to $200,000 (today, August 14, 2014)

 

?? Years from $200,000 to $1,000,000

FWIW, there was a second coming of the $ 100000 milestone in 2009.

So it doubled in 5 if you use this as the baseline

[rpadebet]

Fill in the blanks:

 

It took 20 years from IPO at $12 to $1,000.

 

- 9 years from $1,000 to $10,000

 

- 14 years from $10,000 to $100,000

 

8 years from $100,000 to $200,000 (today, August 14, 2014)

 

?? Years from $200,000 to $1,000,000

 

12

2026

 

14

2028

[Buffett_Groupie]

I will any less than 15! :)

[Kraven]

The correct answer is that it doesn't matter.  It's priceless and should never be sold at any price.  The goal of every real Berkshire investor should be to convert their shares to certificated form 1 minute before their death and be buried with them.

[augustabound]

The correct answer is that it doesn't matter.  It's priceless and should never be sold at any price.  The goal of every real Berkshire investor should be to convert their shares to certificated form 1 minute before their death and be buried with them.

 

You're not done yet. We shall be cremated with the share certificate and have the ashes spread on our Messiah's front lawn.

 

 

[oddballstocks]

The correct answer is that it doesn't matter.  It's priceless and should never be sold at any price.  The goal of every real Berkshire investor should be to convert their shares to certificated form 1 minute before their death and be buried with them.

 

I thought you were supposed to convert them to B shares in certificate form (so you'd have more certificates) then make a suit out of the certificates.  You of course would be buried in the suit.

 

It's buy and hold forever right..

 

I heard Buffett has already papered his future coffin with Moody's manuals.  He sewed the pages with 100 bills.

[Kraven]

I am told by a well informed source that gazillion jillion is a number, so my question is how long until an A share is a gazillion jillion?