Pat Dorsey the former director of equity research at Morningstar and author of well known value investing book Little Book that builds the wealth and now president of Sanibel Captiva Investment Advisers comments on Berkshire shares from Berkshire Shareholder meeting in Omaha
Here is the video Source: www.morningstar.com
About the author:
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne
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Lots of people, especially on this site, & I'm one of them, would agree that BRK is cheap. The problem is that it's been cheap for about 5 years now. What should the board be doing to ensure that there is share price appreciation? Especially important in a company that doesn't pay dividends.
Read Buffett's recent comments on IBM. A further share price fall of BRK would be doubly beneficial as buy backs commence. Otherwise its flat price has been a gift to long term holders/buyers.
Years ago BRK was a large proportion of my retirement portfolio but has shrunk substantially. I've begun to bring up that proportion somewhat over the last few years. Unfortunately, that percent had already begun an assent due to some bad post crisis "diworsifying" divestments. :-)
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