Subject: Re: Tilson's latest take on BRK
This from Whitney Tilson's presentation at Guy Spier's VALUEx conference in Klosters, Switzerland last week.
'I think Berkshire Hathaway is 15% undervalued based on my updated calculation of its intrinsic value, using the same valuation methodology I've been applying ' with a high degree of accuracy ' for more than two decades

Mr Tilson's valuation estimates are always somewhat high if taken as price targets. *

But his numbers are calculated pretty rationally, and the amount by which they're too high is probably always around the same percentage.
So, whether you like his number or not, if it's cheaper now (calculated by him) compared to history (calculated by him) then it's probably a rational indicator of a good buy.

Jim

* Less so this time:
It's rather surprising to me that the number he comes up with ($556k) is below last year's market high in real terms ($559.1k in today's money).