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Author: ORA100 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 212851  
Subject: Two Column/Rationalwalk Date: 10/9/2012 2:10 PM
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In a recent thread-Questions about Berkshire I read the post by Rationalwalk dated 8/6/2012 about the Two Column approach valueing Berkshire.Cash and consolidated investments at 6/30/2012 were $166,891 million (excluding the railroad and Utility and financial products groups). When I am doing my Two Column valuation I include some of the assets in two groups. I include 1)Cash in Railroad and Utility Group $2,598 million 2)Investments in Equity Securities in other section of Rail and Utility Group $424 million 3)Cash in Finance Group $1,251 million 4)Fixed Maturity investments in Finance Group $923 million 5)Other Investments in Finance Group $4,388 million 6) Investments in Equity Securities in Other Section of the Finance Group $522 million.

My total for Cash and consolidated investments at 6/30/2012 was $176,997 million which is $10,106 million more Rationalwalk's total. With 1,651,922 shares outstanding as of 6/30/2012 my calculation increases the cash and consolidated investments by $6,118 per share.

What is the rational for not including the 6 additional assets when valueing the cash and consolidated investments column? I believe that Tilson includes these in his Two Column estimate.

Thanks, Doug
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