Putting Rent on a Scoreboard

Berkshire Hathaway owns several businesses that possess economic goodwill, says Warren Buffett. The excess belongs in our intrinsic business value, but is not included in the calculation of book value,. Buffett: "You can live a full and rewarding life without ever thinking about goodwill" Berkshire bought C's Candy for $25 million in 1972; at time it had about $8 million in tangible assets.