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Buffett’s Buyback Math – why 120% of book value is the magic number for Berkshire | insurance investor
https://insuranceinvestor.wordpress.com/2014/08/11/buffetts-buyback-math-why-120-of-book-value-is-the-magic-number-for-berkshire
A value investing blog. Buffett’s Buyback Math why 120% of book value is the magic number for Berkshire. August 11, 2014. In 2012 Warren Buffett indicated he would buyback Berkshire Hathaway (BRK.A) stock up to 120% of its book value, but have you wondered why 120% is the right yardstick and not 110% or 130%? There have been a few posts explaining why 120% might sound reasonable premised on assumptions around estimated book growth and future multiples, however these arguments are unconvincing in my view.
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The Future Of Berkshire’s Float – From Insurance To Uncle Sam | insurance investor
https://insuranceinvestor.wordpress.com/2014/08/16/the-future-of-berkshires-float-from-insurance-to-uncle-sam
A value investing blog. The Future Of Berkshire’s Float – From Insurance To Uncle Sam. August 16, 2014. I’ve been spending a lot of time studying Berkshire Hathaway’s float with the aim of deconstructing its capital structure. As I read and re-read Warren Buffett’s annual letters his true genius continues to fascinate me. Read the full article here. If you cannot access the link please click here. This research is a complimentary addition to the work on Floats and Moats by The Fundoo Professor. Thanks AT...
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valueinvestr | insurance investor
https://insuranceinvestor.wordpress.com/author/valueinvestr
A value investing blog. Fairfax to acquire Tower – bargain hunting for cheap float. February 10, 2017. Prem Watsa of Fairfax Financial Holdings (aka Canada’s ‘Warren Buffett’) has announced it will make its first acquisition down-under with a NZ$197m offer for New Zealand based Tower Limited. Let’s take a look at the deal in more detail to see why this stacks up as a good acquisition for Fairfax. 1) Earthquake provisions driven Towers stock down…. The P&L below highlights these recent losses, which are l...