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Stocks B / Berkshire Hathaway


Subject:  Re: Curious case of Benjamin Moore Date:  2/22/2020  10:31 PM
Author:  dividends20 Number:  247786 of 256733

Here are few more acquisitions and today's potential value 
assuming they compounded at S&P500 return rate

Adding Geico, BNSF and equities

Acquisition     Date            Cost    *S&PRet **TodayValue   
General Re	Jun-1998	$23.5B	7.10%	$106B
Marmon		Mar-2008	$7.5B	10.2%	$24B
Precision	Jan-2016	$32B	16.5%	$59B 
Mid American	Oct-1999	$9B	6.6%	$34B
Lubrizol	Mar-2011	$10B	13.2%	$31B
Shaw Ind	Sep-2000	$2.1B	6.6%	$7B
Geico           Aug-1995        $4.6B   9.5%    $46B
BNSF            Nov-2009        $44B    13.7%   $165B
Equities                                        $248B
Total						$720B **

* S&P Returns is with div reinvested
** Ideally, each of these capital allocation by WEB should compound faster than S&P 
otherwise what is the point in acquiring. 
*** Many acquisitions not included. Cash not included. 
Should be at $1T market cap (and that too conservatively).

Additionally, WEB has always told us that 
"At Berkshire, the whole is greater 
-- considerably greater -- than the sum of the parts

Berkshire works so well as a business because its various parts complement each other so well. 
In fact, its structure allows us to seamlessly and objectively allocate major amounts of capital, 
eliminate enterprise risk, avoid insularity, fund assets at exceptionally low cost, 
occasionally take advantage of tax efficiencies, and minimize overhead."

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