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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: EVBigMacMeal 🐝🐝  😊 😞
Number: of 21941 
Subject: Re: Berkshire Valuation v Fairfax Financial
Date: 08/29/23 7:25 AM
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No. of Recommendations: 11
For anyone interested here is the original intrinsic value split out, weighted and sorted from largest to smallest.

Cash, US Treasuries, Fixed Income $164,286 22%
Non Apple Equities less tax 120,094 16%
Manufacturing Industrial Products 77,945 11%
BNSF 75,840 10%
Apple (50% haircut) 70,152 10%
Manufacturing Building Products 62,920 9%
BHE 53,380 7%
Services 37,284 5%
Non Controlled businesses 27,820 4%
Retailing 15,855 2%
Pilot Travel Centers (80% interest) 15,504 2%
Manufacturing Consumer Products 10,739 1%
McLane Company 4,669 1%

Total Intrinsic Value $736,488m 100%
Market cap/IV 105%

And below is another version, with adjustments discussed on this thread.

Apple (market value less 21% tax) $140,304 17%
BNSF (Union Pacific valuation) 136,000 17%
Non Apple Equities less tax 120,094 15%
Cash, US Treasuries, Fixed Income (30% haircut) 115,000 14%
Manufacturing Industrial Products 77,945 10%
Manufacturing Building Products 62,920 8%
BHE 53,380 7%
Services 37,284 5%
Non-Controlled businesses 27,820 3%
Retailing 15,855 2%
Manufacturing Consumer Products 10,739 1%
Pilot Travel Centers (50% haircut) 7,752 1%
McLane Company 4,669 1%
Total Intrinsic Value $809,762m 100%
Market cap/IV 95%
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Members reply directly to EVBigMacMeal here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
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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