Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Sal's Dad,
I agree this can be confusing. It is true this would be easier to follow if we also showed what the slices would look like without adjusting for liabilities. I did that via text further down but it would probably be clearer if we also added a pie that doesn't have liabilities.
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
H.J. Huneycutt,
I'm glad you liked the article.
Yes, it is undervalued as a conglomerate but there are advantages too. For example, during the shareholder meeting, Buffett and Munger talked about the fact that their size is a moat. Given their size and their ability to act quickly, they can be involved in deals where there is almost no competition.
Briar,
I agree with you that dividends don't make sense at Berkshire - Buffett is still great at allocating capital instead of returning it to investors.
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Lexelente,
Yeah, there's no business like Coca-Cola. I read something about WMT where Buffett said he made a mistake. If I remember right, he was going to buy a lot more but he didn't do it because it went up a fraction of a point.
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Far Horizon,
Yes, float assumptions can be dangerous. I read your float or sink article and it is true that low yields are a concern for insurance companies. Still, Berkshire has more options than competitors.
Berkshire Hathaway Looks Undervalued Based On Its Subsidiaries And Investments [View article]
J Mintzmyer,
I haven't yet looked at the deal close enough to judge whether I think it is a net positive or net negative. That said, Mr. Buffett doesn't do very many deals this size that are net negatives.
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
I agree this can be confusing. It is true this would be easier to follow if we also showed what the slices would look like without adjusting for liabilities. I did that via text further down but it would probably be clearer if we also added a pie that doesn't have liabilities.
Thanks,
Eric
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
I'm glad you liked the article.
Yes, it is undervalued as a conglomerate but there are advantages too. For example, during the shareholder meeting, Buffett and Munger talked about the fact that their size is a moat. Given their size and their ability to act quickly, they can be involved in deals where there is almost no competition.
Briar,
I agree with you that dividends don't make sense at Berkshire - Buffett is still great at allocating capital instead of returning it to investors.
Thanks,
Eric
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Yeah, there's no business like Coca-Cola. I read something about WMT where Buffett said he made a mistake. If I remember right, he was going to buy a lot more but he didn't do it because it went up a fraction of a point.
Thanks,
Eric
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Yes, that's my recollection too (1m at $1,500 each). Using this and other info, I can probably break GEICO out into its own slice next time.
Thanks,
Eric
Intrinsic Value Examples From Charlie Munger [View article]
I know what you mean about the wife rolling her eyes - mine does the same thing.
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Yes, it would make sense to break Heniz up into 2 slices. I'll keep that in mind for future articles.
Cheers,
Eric
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Yes, float assumptions can be dangerous. I read your float or sink article and it is true that low yields are a concern for insurance companies. Still, Berkshire has more options than competitors.
Cheers,
Eric
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
Yes, the BNSF purchase looks better and better every year.
Cheers,
Eric
Berkshire Hathaway Intrinsic Value Pie Chart [View article]
I appreciate the comments.
If anyone has ideas on how the Insurance and Other Hybrid slices can be broken up into smaller pieces then I'd like to hear them.
Thanks,
Eric
Coca-Cola 10 Years Ago And Today [View article]
Yes, Monster, Red Bull and Rockstar now combine for 3.2%. Back in 2003 I only see Red Bull at .2%.
Coca-Cola 10 Years Ago And Today [View article]
Coca-Cola 10 Years Ago And Today [View article]
Intrinsic Value Examples From Charlie Munger [View article]
Berkshire Hathaway Looks Undervalued Based On Its Subsidiaries And Investments [View article]
Yes, it would be cool to make another pie chart but it might be good to wait until the latest 10-K comes out.
Berkshire Hathaway Looks Undervalued Based On Its Subsidiaries And Investments [View article]
I haven't yet looked at the deal close enough to judge whether I think it is a net positive or net negative. That said, Mr. Buffett doesn't do very many deals this size that are net negatives.