The Rational Walk has published several hundred articles regarding Berkshire Hathaway. This archive displays all articles related to Berkshire except for In Search of the Buffett Premium, a research report published in 2011. In addition to browsing the list of articles, you may also search for a specific topic within the archive by using the search box below. A separate archive exists for coverage of other companies. Berkshire is sometimes mentioned in the Rational Reflections weekly newsletter which has a separate archive.

In a CNBC interview today, Berkshire Hathaway Chairman and CEO Warren Buffett stated that the economy is not "moving yet" and that "green shoots" were not yet visible.  Mr. Buffett joked that he was hoping the cataract operation on his left eye last month would help him see "green shoots" but he has not seen many hopeful indicators of economic growth. Mr. Buffett's comments on the economy are well worth considering carefully and not only ...
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In this Fox Business News interview, Rev. Cecil Williams of The Glide Foundation discusses the history behind Warren Buffett's annual charity auction on EBay.  Each year, Mr. Buffett sets up an auction where he agrees to have lunch with the winning bidder and seven others.  It took $2.1 million to win the auction in 2008 and I suspect that a similar figure is likely this year as well. For those reading this through the RSS ...
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Today, I reviewed Value Line's latest coverage of the Property/Casualty Insurance Industry.  I spent a bit more time on Progressive than on most of the other company profiles.  I have not followed Progressive in great detail in the past other than being aware of it in the context of reading about GEICO which is a Berkshire Hathaway subsidiary.  I have covered GEICO in some detail on this site in the context of Berkshire's overall results ...
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I wrote about the introduction of Berkshire Hathaway options on the CBOE on Wednesday.  Now that more details are available and trading has begun, it is interesting to take a brief look at how these option contracts may be utilized by the speculator or investor. Given that each option contract conveys a right to buy or sell 100 Class B shares, it is perhaps less likely that a very small speculator will find these instruments ...
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Bloomberg has reported that the Chicago Board Options Exchange (CBOE) will begin offering options contracts on Berkshire Hathaway Class B shares starting tomorrow.  While options can occasionally be useful for hedging risks or engaging in arbitrage opportunities, they are also often used for speculative purposes that Warren Buffett would probably not approve of.  Indeed, the Bloomberg article quoted one money manager who believes the options may appeal to smaller investors: “It’ll be interesting to see ...
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In this Fox Business News video, Iscar Chairman Eitan Wertheimer comments on the impact of the global recession on his company.  Mr. Wertheimer discusses how lower automobile production will impact Iscar as well as his ability to avoid layoffs up to this point.  The video also provides important insights into the qualities that Warren Buffett looks for in his managers.  The acquisition of Iscar in 2006 was Berkshire Hathaway's first purchase of a company based ...
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Clayton Homes, a Berkshire Hathaway subsidiary, has been the subject of several articles on this site over the past few months.  Clayton Homes maintained a very admirable track record related to mortgage financing throughout the housing bubble and, as a result, the company has experienced fewer mortgage delinquencies and foreclosures. Clayton recently unveiled a payment protection plan intended to protect buyers against a temporary loss of employment for a limited period. Clayton primarily builds mobile ...
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MidAmerican Chairman David Sokol was interviewed by Bloomberg today in Washington and the video appears at the end of this article.  Mr. Sokol has been advocating for the elimination of the concept of trading carbon credits which is a central feature of the "cap and trade" system that is currently being debated in Congress.  Mr. Sokol believes that the government should simply mandate a cap and public utilities and other carbon emitters should be forced ...
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In 1989, Warren Buffett spent $6.7 million to purchase a corporate jet for Berkshire Hathaway that he named The Indefensible, perhaps being somewhat embarrassed by an expense that nearly any company the size of Berkshire had long justified as essential for doing business productively.  In 1995, Buffett purchased his first share of a NetJets aircraft and in 1998, he purchased the entire company. I have followed the fractional aviation industry for many years mostly because ...
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As Benjamin Graham often said, in the short run the market behaves like a voting machine while in the long run it acts more like a weighing machine.  Just for fun, I am introducing a polling feature on this website.  I will post new polls on a periodic basis (probably weekly) on various topics.  The first poll asks for estimates of Berkshire Hathaway's intrinsic value per A share.  I posted the rationale for my estimate ...
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It appears that MidAmerican Energy Chairman David Sokol has taken on a higher media profile in recent weeks.  MidAmerican is a subsidiary of Berkshire Hathaway and David Sokol has often been mentioned as a front runner to take over the CEO position at Berkshire in the future.  Could this media exposure signal something about Berkshire succession plans? It is probably best to avoid reading into Sokol's recent media exposure in terms of Berkshire succession plans.  ...
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Most of the excitement related to BYD has centered on the remarkable advances the company has made in applying its proprietary battery technology to electric vehicles such as the e6 model which I wrote about earlier this month.  BYD's innovations in battery technology have  made widespread adoption of electric vehicles likely for the first time.  According to a recent blog post by Marc Gunther, Berkshire Hathaway subsidiary MidAmerican Energy now plans to utilize the same ...
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A.M. Best has reaffirmed the financial strength rating of A++ (Superior) and the issuer default rating of AAA for National Indemnity Group and its subsidiaries.  National Indemnity is a subsidiary of Berkshire Hathaway.  The outlook for all the ratings is stable.  The affirmation of the ratings was made despite a significant reduction in statutory surplus at the end of 2008 due to the demonstrated track record of the company over several years along with the ...
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While there have been countless books written regarding Warren Buffett's track record in business and investing, along with many books of variable quality seeking to find formulas to replicate his success, there are only two full fledged biographies that have been written:  The Making of an American Capitalist by Roger Lowenstein and The Snowball by Alice Schroeder. Lowenstein's book was published in 1995 and I read it shortly after it came out.  Along with reading ...
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