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Non-Tech : Berkshire Hathaway Class B
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To: Jacques Newey who wrote (1296)1/24/2000 3:38:00 PM
From: Benkea  Read Replies (1) of 1652
 
Jacques:

"In your opinion, are there likely to be similar "hidden assets" in BRK that the public is unaware of?"

Just that book value greatly understates understates our assets owing to goodwill, etc.

From the 1998 annual meeting:

"However, generally speaking, and in our own case, the economic goodwill that we now have far exceeds the amount that we put on the books originally and, therefore, even by a greater amount exceeds the amount that remains on the books after amortization. I do not think an amortization charge is appropriate at Berkshire for the goodwill that we have attached to our businesses. Most of those businesses have increased their goodwill - in some cases by dramatic amounts - since we've purchased them."
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