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Eric Sprague

 
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  • Berkshire Hathaway: The Last Bargain [View article]
    Thanks for another great article!
    Aug 1, 2014. 05:19 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    Thanks for another great article, Christopher.
    Jan 18, 2014. 08:27 PM | Likes Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Great article, Jim!
    Dec 31, 2013. 05:00 PM | Likes Like |Link to Comment
  • Why Berkshire's Discount To Intrinsic Value Will Close Soon [View article]
    Nice article and thanks for the link. I agree that succession is taking place with solid investors like Todd and Ted. The board is also looking good with additions like Meryl Witmer.
    Aug 26, 2013. 04:21 PM | Likes Like |Link to Comment
  • Berkshire Hathaway Intrinsic Value Pie Chart [View article]
    This article is dated.

    If my pie chart was accurate then my opinion was that the company
    was worth around 308b on Mar 30.

    On Mar 30th class B
    shares sold for $104.20
    and their sum (market cap)
    was 243.48b per http://bit.ly/1dGA1o8.

    If the pie chart was accurate then class B shares were worth around $132 on Mar 30.
    Aug 25, 2013. 06:47 PM | Likes Like |Link to Comment
  • Berkshire Hathaway Valuation [View article]
    Briar,

    Thanks for the comment. It's true that there have been a lot of bolt-on acquisitions lately.
    Aug 25, 2013. 05:41 PM | Likes Like |Link to Comment
  • Berkshire Hathaway Valuation [View article]
    Thanks for the comments, Everyone.

    Yes, Todd and Ted will be very important in the future. Buffett and Munger have structured things such that Todd and Ted will have a lot going for them in order to be successful.
    Aug 23, 2013. 10:04 PM | Likes Like |Link to Comment
  • Berkshire Hathaway Valuation [View article]
    Thanks for the comment, Bob.

    Yes, I have some ideas about improving the layout of the calculations and market cap if I do another one of these next quarter.
    Aug 23, 2013. 03:01 AM | Likes Like |Link to Comment
  • What Buffett Premium? [View article]
    Nice article, Chris.
    Aug 19, 2013. 02:26 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Worth Its SALT [View article]
    Nice article, David!
    Jul 29, 2013. 07:31 PM | Likes Like |Link to Comment
  • Berkshire Hathaway's Hybrid Investments Are A Competitive Advantage [View article]
    aholzer,

    Thanks for the comment. Yeah, dividends won't be paid anytime soon.
    Jul 29, 2013. 05:35 PM | Likes Like |Link to Comment
  • 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.

    Thanks,
    Eric
    May 14, 2013. 04:55 PM | Likes Like |Link to Comment
  • 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.

    Thanks,
    Eric
    May 14, 2013. 04:54 PM | Likes Like |Link to Comment
  • 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.

    Thanks,
    Eric
    May 14, 2013. 04:48 PM | Likes Like |Link to Comment
  • Berkshire Hathaway Intrinsic Value Pie Chart [View article]
    Briar,

    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
    May 14, 2013. 04:45 PM | Likes Like |Link to Comment
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