The RE's effectively saying "We haven't the FOGGIEST idea how to...

The RE's effectively saying "We haven't the FOGGIEST idea how to value this thing". Yes, it is way beyond them, and choosing something that an 8 year old could do reduces the whole exercise to something purely academic.

And my question to those on this forum who cling to the imbecilic notion that "price equals value", how do you explain Warren Buffett's fabulous wealth?

Pure chance? Nah. That mantra would only have delivered him market returns averaged across his portfolio.

But the RE has given us a hint: To help with valuations, Buffett must read BROKERS' REPORTS. Yep, that's gotta be the reason.


[PXUPA only]