7 Mar
2004
7 Mar
'04
12:56 p.m.
Berkhire-Hathaway is a stock holding company, not an insurance company. Since it holds stock in other companies, and has a stock value itself, it is common for its stock to trade above or below the combined value of the stock it owns. It is perfectly plausible for its equity holdings to be 114% of its market value. It has never split its shares, and current share price is in the high tens of thousands of dollars. Warren Buffet is the director, and has just issued his letter to shareholders. I'd recommend it as a good read.