Is BRK-B the most overvalued stock in the market?
It looks like BRK-B has only 1/200 of the vote of BRK-A. There is no dividend associated with the stock and it cannot be combined to form the BRK-A. Buffet claims that it has 1/30 of the rights but how does that make any sense if you can't choose the board of directors? If any major investor wanted to claim a share in the company he would use the BRK-A and pay much less for the BRK-B.
Right now the B is at $3436 and the A is at $103181: a ratio of 30.02:1. By my surprising calculation if the ratio should be 199:1 then the B shoud be priced at $518. I know the market doesn't agree with this, but it seems like BRK-B is overvalued.
Warren Buffet also disagrees:
Why is that?