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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Texirish   😊 😞
Number: of 21939 
Subject: Re: 10 year growth
Date: 02/25/23 4:00 PM
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No. of Recommendations: 2
Year End Book Value 11.0%
Shareholders Equity + Float + 1/2 Deferred Taxes 10.7%


Somewhat like the bumblebee. It shouldn't fly but it does anyway.

Actually they've figured out how the bumblebee can fly.

And I'm guessing Gottsman originally accepted the argument that float is equivalent to equity. So he added it to equity to make decisions. There weren't a lot of non-insurance businesses at the time.

Now one can correctly argue some changes should be made. But they seem to keep cancelling out. If price gets too far from F+B it's still a pretty good buy or sell signal.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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