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TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran
We Study Billionaires - The Investor’s Podcast Network
The Relationship Between Maintenance Capex and Depreciation
In your letter, you mentioned that maintenance capex roughly matches depreciation expenses. And understanding maintenance capex is an important concept in valuation. I would like to dig a bit deeper into together with you this characteristic for Berkshire Hathaway and BNSF.
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