03.03.2019 - By Jun Kim, CFA
This episode covers 2018 Berkshire Hathaway shareholder letter by Warren Buffett. http://www.berkshirehathaway.com/letters/2018ltr.pdf
* New mark-to-market GAAP rule * Book value no longer useful as a proxy to the intrinsic value of Berkshire* Guide to Berkshire's intrinsic value calculation* Four funding sources* The American tailwind
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