FYI: Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing.
In conjunction with that, he plans to deemphasize book value, measuring assets minus liabilities, saying changes at Berkshire and the vagaries of accounting rules mean that gauge has “lost the relevance it once had.”
The shift is something of a retreat from the 88-year-old Buffett’s decades of preaching patience and long-term thinking for investors and Berkshire shareholders, the antithesis of what stock prices often represent.
Regards,
Ted
https://www.reuters.com/article/us-berkshire-buffett-book-value/in-a-shift-buffett-says-focus-on-berkshires-stock-price-idUSKCN1QC0P6
