"Looking over bki, I think its attractive bec of the discount to...

"Looking over bki, I think its attractive bec of the discount to nta."


Yes, there is more quality in AUI/DUI than BKI.
Thats why you should demand a higher discount for BKI.
Nevertheless, there is enough quality in BKI to make it attrcative at 10%+ discounts.
AUI becomes attrcative at lower discounts.

Then there are other LIC's eg CAM, MMA, WAM etc which can *never* be too cheap. Or as Buffett puts it, I would gladly accept a lottery ticket as a gift, but I would never buy one.