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Berkshire Hathaway Intrinsic Value Calculation – Q3-2020

Analysis, Berkshire Hathaway, Valuation, Warren Buffett.  By Adam. December 10, 2020. 1 Comment

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Do Profit Margins Really Matter?

Accounting, Analysis.  By Adam. October 23, 2020. No Comments

“Your margin is my opportunity.” – Jeff Bezos The trouble with the analysis of a single variable is the loss of context. Take profit margins. Higher would seem to be better, right? Not necessarily. Let’s consider the following hypothetical companies....

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The Real Reason Buffett Sold Berkshire’s Airline Stocks

Airlines, Analysis, Berkshire Hathaway.  By Adam. May 16, 2020. No Comments

The basic framework Warren Buffett uses to examine companies can help us understand why he sold Berkshire's investments in airlines. That framework is rooted in economics and can be expressed as an equation: Investment Return = Capital Intensity x Profit...

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Page-by-Page Analysis of Warren Buffett’s 2019 Berkshire Hathaway Annual Report

Analysis, Berkshire Hathaway, Warren Buffett.  By Adam. May 5, 2020. No Comments

Walk through the 2019 Berkshire Hathaway Annual Report page-by-page. The five-hour series is broken into four parts starting with Warren Buffett's Chairman's letter. Timestamps in each video link to EACH page of the Annual Report (you must view from YouTube)...

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