In its fourth quarter 2023 investor letter, Vltava Fund stated the following regarding Berkshire Hathaway Inc. (NYSE:BRK-B):
"Entire books have been published on Berkshire Hathaway Inc. (NYSE:BRK-B) transactions. One of the best that I can highly recommend is Adam Mead’s 2021 book, The Complete Financial History of Berkshire Hathaway. The book is excellent and detailed, but it, too, will need updating over time. In fact, Berkshire Hathaway writes another interesting chapter in its history every year. A chapter describing 2023 would be quite extensive. At the turn of the year, Berkshire completed its $11.6 billion acquisition of the insurer Alleghany Corporation. A little later, Berkshire increased its stake in Pilot Flying J to 80% and its holdings in five Japanese “sogo shosha” conglomerates to 8.5% (a total investment at current prices of about $20 billion). Through the course of the year, Berkshire also steadily increased its stake in Occidental Petroleum to 37% (including warrants). Berkshire Hathaway continues to be a very unique type of conglomerate whose investments generate huge amounts of cash and which can successfully reinvest that cash again and again over the long term. It is an almost perfect case of a snowball in the markets. Here is one interesting fact: we estimate that the intrinsic value of a single Berkshire share is currently growing at a rate of about $178 per day. When we bought the shares 12 years ago, this was less than $50 a day. The rate of growth is accelerating gradually and with minimal fluctuations. Moreover, Berkshire has additional decades of similar growth still ahead of it."
https://finance.yahoo.com/news/...shire-hathaway-brk-b-105030242.html
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