Seeking Alpha

Bud Labitan's  Instablog

Bud Labitan
Send Message
I am an author of books related to the decision framing and optimizing processes of Buffett and Munger. These books are available at and: With integrity and patience, we can also earn superior profits by carefully evaluating facts and... More
My company:
Bud Labitan
My blog:
My book:
The Four Filters Invention of Warren Buffett and Charlie Munger
View Bud Labitan's Instablogs on:
  • Why Warren Buffett Likes PCP, Precision Castparts
    Why Warren Buffett likes PCP, Precision Castparts

    Aug 10, 2015

    Precision Castparts Corp. (Public, NYSE:PCP). Warren Buffett and Berkshire's offer of $235 per share is a premium of 21.2 percent to Precision Castparts' Friday close of $193.88.

    Why does Warren Buffett like PCP? It fulfills his 4 Filters criteria.

    1.Understandable Products

    2.Sustainable Competitive Advantages (leader in titanium casting of jet engine blades)

    3.Able & Trustworthy Managers

    4.Bargain Price

    ValuePro "dot" net had the intrinsic value at $255 earlier in the year.

    (click to enlarge)on and

    Aug 10 4:58 PM | Link | Comment!
  • Berkshire Hathaway Inc Is More Valuable Than Apple Inc.

    Berkshire Hathaway Inc is more valuable than Apple Inc. I know that sounds like a controversial statement. However, allow me to walk you thru my logic. I read this morning that "In An Open Letter To CEO Tim Cook, Investor Carl Icahn Detailed His $240 Per Share Value Estimate For Apple." While Mr. Icahn may be correct about the "per share number", as a whole business entity, Berkshire Hathaway Inc is more valuable than Apple Inc. Why? If we moved Samsung's headquarters to the USA, put me in charge of consumer products, we could more easily compete with Apple's products and take away market share. Apple is partnering with IBM, and I could get a US based Samsung to partner with Microsoft. We can't say the same for Berkshire Hathaway. Trying to replicate Berkshire Hathaway's BNSF, Insurance Operations, Marmon Group, Berkshire Energy Group, and stock holdings, would be nearly impossible. While I do not advocate breaking up BRK, try valuing each component of BRK with the proper private market value plus terminal value or its "long tail." I think your estimate will reveal that Berkshire Hathaway is now the most valuable business in the world.

    May 19 9:42 AM | Link | 1 Comment
  • MOATS Book About The "Competitive Advantages Of Buffett & Munger Businesses"

    In celebration of Berkshire Hathaway's 50 years of leadership under Warren Buffett and Charlie Munger, I have decided to release the MOATS book in pdf form to all here:

    Mar 27 8:59 AM | Link | Comment!
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.