An Analysis of Berkshire Hathaway

Although the Standard & Poor's 500 is the most commonly used measure of the performance of the U. S. stock market, it is sometimes argued that, because this index is so heavily populated with high quality, large capitalization stocks, it may not be an appropriate benchmark with which to compare a mutual fund which may be invested in lower quality, smaller capitalization stocks. The obvious refutation: If one can obtain a higher return by investing in... An Analysis of Berkshire Hathaway Septembe

Thể loại Tài liệu miễn phí Quỹ đầu tư

Số trang 27

Ngày tạo 8/30/2018 1:40:21 AM +00:00

Loại tệp PDF

Kích thước 0.82 M

Tên tệp

Tải An Analysis of Berkshire Hathaway (.pdf)

Xem mẫu

An Analysis of Berkshire Hathaway September 29, 2012 This presentation is posted at: www.tilsonfunds.com/BRK.pdf T2 Partners Management L.P. Manages Hedge Funds and Mutual Funds and is a Registered Investment Advisor The General Motors Building 767 Fifth Avenue, 18th Floor New York, NY 10153 (212) 386-7160 Info@T2PartnersLLC.com www.T2PartnersLLC.com Disclaimer THIS PRESENTATION IS FOR INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY AND SHALL NOT BE CONSTRUED TO CONSTITUTE INVESTMENT ADVICE. NOTHING CONTAINED HEREIN SHALL CONSTITUTE A SOLICITATION, RECOMMENDATION OR ENDORSEMENT TO BUY OR SELL ANY SECURITY OR OTHER FINANCIAL INSTRUMENT. INVESTMENT FUNDS MANAGED BY WHITNEY TILSON AND GLENN TONGUE OWN STOCK IN BERKSHIRE HATHAWAY. THEY HAVE NO OBLIGATION TO UPDATE THE INFORMATION CONTAINED HEREIN AND MAY MAKE INVESTMENT DECISIONS THAT ARE INCONSISTENT WITH THE VIEWS EXPRESSED IN THIS PRESENTATION. WE MAKE NO REPRESENTATION OR WARRANTIES AS TO THE ACCURACY, COMPLETENESS OR TIMELINESS OF THE INFORMATION, TEXT, GRAPHICS OR OTHER ITEMS CONTAINED IN THIS PRESENTATION. WE EXPRESSLY DISCLAIM ALL LIABILITY FOR ERRORS OR OMISSIONS IN, OR THE MISUSE OR MISINTERPRETATION OF, ANY INFORMATION CONTAINED IN THIS PRESENTATION. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS AND FUTURE RETURNS ARE NOT GUARANTEED. -3- Berkshire Hathaway: A High-Quality, Growing 76-Cent Dollar History • Berkshire Hathaway today does not resemble the company that Buffett bought into during the 1960s • Berkshire was a leading New England-based textile company, with investment appeal as a classic Ben Graham-style “net-net” • Buffett took control of Berkshire on May 10, 1965 • At that time, Berkshire had a market value of about $18 million and shareholder`s equity of about $22 million -4- The Berkshire Hathaway Empire Today Stakes in Public Companies Worth $1+ Billion Company Coca-Cola Wells Fargo IBM American Express Procter & Gamble Wal-Mart Munich RE Kraft U.S. Bancorp ConocoPhillips Tesco DirecTV Moody`s POSCO Davita Shares Price 400.0 $37.93 411.0 $34.53 66.6 $207.45 151.6 $56.86 59.6 $69.36 46.7 $73.80 20.1 $140.10 58.8 $41.35 66.0 $34.30 28.9 $57.18 291.6 $5.15 28.4 $52.44 28.4 $44.17 3.9 $30,496 9.3 $103.61 Value ($B) $15.2 $14.2 $13.8 $8.6 $4.1 $3.4 $2.8 $2.4 $2.3 $1.7 $1.5 $1.5 $1.3 $1.2 $1.0 Note: Shares as of 8/12 13-F; Stock prices as of 9/28/12. -5- ... - tailieumienphi.vn

nguon tai.lieu . vn

Ngân hàng - Tín dụng Kế toán - Kiểm toán Đầu tư Bất động sản Quỹ đầu tư Đầu tư Chứng khoán Tài chính doanh nghiệp Bảo hiểm Tiêu chuẩn - Qui chuẩn Giáo dục học Kinh tế học Quản trị kinh doanh