Berkshire is cheap as can be. 1.25x book!
-
PE is pretty meaningless for Berkshire because unrealized gains/losses in its stock portfolio are included in net income.
Thanks! Is that a significant portion of net income? Why would that make it meaningless? Sounds like earnings to me, but I'm very inexperienced as a public stock picker...very.
-
-
Over time, their stock portfolio should produce gains but the mark-to-market gains or losses over the short-term make net income more or less useless. Book value is a crude measure of value but a good reference point!
-
Is there some reason why brk.a's pb is so low? New accounting rules affected them a lot.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.