Warren Buffett's Calculation Of Berkshire Hathaway Stock Return
Why Does Warren Buffett Calculate His Return Based On The Book Value Of Berkshire Hathaway's Stock Rather Than The Market Value? by S&C Messina
I would point to a few reasons.
- One is that insurance companies trade relative to their book value on a price to book or P/B basis. With a lot of the book value of Berkshire coming from . . .
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