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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21939 
Subject: Re: Bro -?Argus Upgrade
Date: 05/29/24 11:38 AM
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No. of Recommendations: 12
I guess Mr Buffett's suggestion that people look at operating earnings is catching on a bit.
That might be the first time I've ever seen an "analysis" using multiple of operating earnings as a valuation yardstick.

It's a shame that look-through earnings of the stock holdings went out of fashion.
A multiple of the sum of Berkshire operating earnings (after a realistic tax provision) plus look-through earnings would make an even better number. Barring a little bit of buying low and selling high from time to time, that's where all the value comes from. Underwriting profit might still need a cyclical adjustment.

Jim
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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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