Wallace Weitz Comments on Berkshire Hathaway Inc

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Oct 17, 2014

Berkshire (BRK.B) enjoyed a relatively strong start to the year operationally with non-insurance operating earnings up 12% during the first half of 2014 despite headwinds at Burlington Northern. Buffett’s willingness to repurchase Berkshire shares at or below 120% of book value continues to provide a nice and gradually rising backstop for the stock.

From Wallace Weitz (Trades, Portfolio)'s Value Fund Q3 2014 Commentary.