yadayada Posted March 1, 2015 Share Posted March 1, 2015 http://www.berkshirehathaway.com/letters/2014ltr.pdf For the people who missed it, if you dont read them on a regular basis, this one is probably worth reading more then the others. Here is an update of the two quantitative factors: In 2014 our per-share investments increased 8.4% to $140,123, and our earnings from businesses other than insurance and investments increased 19% to $10,847 per share. Also their flaot is about 80 billion, yet valued as 15 billion. If you think their float is worth 65 billion, their earnings are valued 15x, total value per share would be: 150$ + 140$ + 30$ (extra value of their float) = 320k$ per share. Or about 45% more then current value. But probably less because of holding comp discount? Link to comment Share on other sites More sharing options...
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