In Warren Buffett’s 2010 annual letter to shareholders, the section “On Reporting and Misreporting: The Numbers That Count and Those That Don’t” emphasizes against using net income to value Berkshire Hathaway. This is primarily because the company has the flexibility to allow net income to be any number, as it can realize gains by liquidating investments with large unrealized gains. Read More at Seeking Alpha...
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- Tracking Berkshire Hathaway's Investment Portfolio - Part 1.
- Tracking Berkshire Hathaway's Investment Portfolio - Part 2.
- Tracking Berkshire Hathaway's Investment Portfolio - Part 3.
- Valuing Berkshire Hathaway Stock.
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