
1996-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Relationship Between Book Value and Intrinsic Value
Any shares we sell at the equivalent per A share of in the range of thirty three thousand or thereabouts where the stock is selling now will increase the book value per share but that does not mean it increases the intrinsic value per share. So on six? Any questions on six? Your problem seems to be that you've attracted a fair number of potential shareholders that don't have a way of estimating intrinsic value and developing expectations about what Berkshire's future prospects are. If you have any suggestions about how they might do that short of the general guidance that you can't continue to compound your intrinsic value at the same high rate that you have in the past because of your asset base, I'd like to
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