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TIP346: Masterclass in Valuation w/ Chris Bloomstran
We Study Billionaires - The Investor’s Podcast Network
How to Normalize Profitability for Berkshire
There are definitely times where some of the approaches are going to overstate or understate what I would call intrinsic value and that's really the drawback of the two prong method. When you have a period where stocks have done very well Berkshire's portfolio of common stocks as they've done in the last two years when I find the stock portfolio to be overvalued, your book value is going to be overstated. An analyst would come up with her own conservative model but she can tell you how much holes in hers there are. If we broke up Berkshire Hathaway and we just spun them off like the Canadian rails did there's more than my intrinsic value being greater than the current market value of
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