Case Study: Business Valuation of Berkshire Hathaway

This case study examines the development and financial valuation of Berkshire Hathaway Inc. It covers the transition from a textile company to a diversified conglomerate, focusing on the mechanics of its insurance float and the performance of its major subsidiaries. You will learn to apply value investing principles to determine intrinsic value by looking at owner earnings, capital allocation, and debt-free cash flows. The course uses historical annual reports to illustrate how consistent investment logic is applied to one of the world's largest holding companies.