My son was 6 years old and opened a brokerage account thinking I needed to plan for college. I bought $2,000 of stock in a company called Emulex. Fifteen months later the stock had gone up 80x’s. Literally crazy. Sold it and took care of college.
Well, it wouldn’t be the first time they have done something like this. As a long suffering Browns fan, I would be really happy if they swapped Pilot for the Browns!
Todd Combs - Investing, the Last Liberal Art, Oct 9th, 2023
https://www.joincolossus.com/episodes/14034172/combs-todd-combs-investing-the-last-liberal-art?tab=transcript
Edited 5 hours ago by VersaillesinNY
That was awesome! Thanks for posting
Buffett has said in the past that he anticipates Berkshire Hathaway stock going up once he passes as investor speculate on the break up value of the company. Given the Board in place and Buffett’s wishes, I don’t see a break up happening.
I don’t have a subscription to the article but it is about this guy
https://www.amazon.com/dp/B0BSWQP3Y7?ref_=pe_3052080_397514860&asin=B0BSWQP3Y7&revisionId=&format=4&depth=1
Good point. Buffett himself says that if you include the equities in your intrinsic value calculation, you do not include any value for the insurance companies.
I took a stab at valuing Berkshire in a recent Seeking Alpha article based upon Buffett’s comments in his 2018 annual letter. I continue to think it is a great value.
https://seekingalpha.com/article/4296869-berkshire-hathaway-forest-selling-discount