RE: Forward PE 10, earnings growth near 50%yes its quite something else cardiowner! The best part of this is it gives us more time to buy this company for the next little while at a price that will look rediculously cheap in 2 years from now.
The market is completely dilusional sometimes and this is certainly one.
Buffet and Munger would have loved this company about 20 to 30 years ago when the float at hathaway was much smaller and they could have made ton of money on a company like HF. It meets all the attributes they look for in a great business.
You said the correct word PATIENCE is now the biggest key to success in investing and it applies big time on HF.
Good Luck and hope you very rich!