Wednesday, December 12, 2007
Berkshire Hathaway Is Poised to Surpass $150,000
"The more chaos there is in financial markets, the better it is for Warren Buffett,'' said Whitney Tilson, managing partner at T2 Partners LLC in New York and a Berkshire shareholder for 10 years. "Investors are fleeing to safety, and Berkshire Hathaway offers the ultimate in safety.''
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Tilson said the Class A shares have an "intrinsic value'' of $167,000, in part because the most recent hurricane season was benign, holding down costs for Berkshire's insurance units.
"People are realizing earnings are going to be astronomical this quarter,'' he said.
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