Views
3 years ago

BRK-Tilson

BRK-Tilson

12-Month Investment

12-Month Investment Return • Current intrinsic value: $232,300/share • Plus 10% growth of intrinsic value of the business (book value grew 2.6% in Q1 '14) • Plus $7,500/share cash build over next 12 months • Equals intrinsic value in one year of $263,000 • 40% above today's price -18-

Catalysts • Continued earnings growth of operating businesses • Likelihood of meaningful acquisitions and investments – If there's a recession, this becomes more likely – Buffett disclosed at the 2012 annual meeting that he came very close to consummating a $22 billion acquisition • New stock investments • Additional cash build • Share repurchases (if the stock drops to 1.2x book or below) -19-

An Overview of the Economy and the Housing Market ... - Tilson Funds
U.S. Economic Overview, What Worries Us, Our View ... - Tilson Funds
Charlie_Munger_ValueWalk_PDF_final
advicefromtheoracle
BerkshireHathaway by Claire Bates - Brendan Hibbert Design
BerkshireHathaway by Megan Guise - Brendan Hibbert Design
The Real Warren Buff.. - Fedora Core Test Page
Goldcorp Inc. | Annual Report 2008
2012 Annual Report - Berkshire Hathaway, Inc.
Driving progress, delivering value - Manitoba Public Insurance