This is the fifth and final installment of a multi-part series covering the Berkshire Hathaway 2008 Annual Report and Warren Buffett's letter to shareholders. In this post, I will consolidate the valuation estimates from the prior posts in the series ...
This is the fourth installment of a multi-part series covering the Berkshire Hathaway 2008 Annual Report and Warren Buffett's letter to shareholders. In this post, I will examine the valuation of Berkshire's Non-Insurance subsidiaries. As I noted in my earlier ...
This is the third post of a multi-part series covering the Berkshire Hathaway 2008 Annual Report and Warren Buffett's letter to shareholders. In this post, I will provide a valuation estimate for the insurance subsidiaries of Berkshire Hathaway. Insurance has ...
This is the second post of a multi-part series covering the Berkshire Hathaway 2008 Annual Report and Warren Buffett's letter to shareholders. The first post in the series covered some highlights from Warren Buffett's annual letter. The remaining posts will ...
This is the first of a multi-part series covering the Berkshire Hathaway 2008 Annual Report and Warren Buffett's letter to shareholders. In this post, I will provide highlights of Buffett's annual letter. In the following posts, I will attempt to ...
Berkshire Hathaway released its 2008 Annual Report and Warren Buffett’s annual letter to shareholders on February 28, 2009. As a longtime Berkshire shareholder, I closely follow developments at the company and attempt to come up with an estimate of the ...
Berkshire Hathaway's stock holdings, as reflected in the 13F filing released on February 17, appear to have declined in excess of $13 Billion so far in 2009. Most of this decline has been more than reflected in the decline of ...
Should Berkshire Hathaway pay a dividend? My view is that this is a fair question but the answer today is a resounding "no". Read this post for more details regarding Berkshire's dividend policy ...
Benjamin Graham is most widely known for his classic books on investing: The Intelligent Investor and Security Analysis. However, most investors would be well served to read a lesser known work of Graham: The Interpretation of Financial Statements. This slim ...
For many years, I have wondered why Dow Jones insists on retaining the antiquated price-weighted calculation for its most prominent index, the Dow Jones Industrial Average. Prior to the availability of computers, I can see why it would be attractive ...
On Friday, February 20, I wrote about the unusually high discount on Berkshire Hathaway B Class shares relative to A Class shares. It appears that the discount persisted on Monday, February 23 as well but slightly narrowed to just over ...
I am not alone in wondering how it could be possible for so many highly educated and wealthy individuals to fall for a scam on the staggering scale of Bernard Madoff's ponzi scheme. How could it be that a prominent ...
Today's market action has been remarkable in many ways with Berkshire Hathaway trading an extreme range and closing at multi-year lows. I happen to consider Berkshire Hathaway to be severely undervalued and I will have more to say about valuation ...
The main purpose of this blog is to write about financial topics and value investment strategies. When I first thought about setting up a blog, naturally I explored a number of free options including wordpress.com and blogger.com (what kind of ...
Berkshire Hathaway's latest 13F filing was posted after the close of trading on Tuesday, February 17. This reports shows most positions in publicly traded stocks for Berkshire as well as its subsidiaries as of December 31, 2008. While Warren Buffett ...
Berkshire Hathaway will be a frequent topic on this blog. Back in November 2008, I put together this brief analysis of the third quarter ...
Roger Lowenstein's latest book, "While America Aged" provides thee compelling case studies of pension funds that impacted private industry and government, and provides a prescription for reforms to fix the system ...