Subject: What Am I Missing? Please help!
Please explain to me what I'm missing in regards to BRK's current valuation.
If there are $400 Billion in securities, and $200 Billion in cash, doesn't that mean that you are getting the railroad, the utilities, the insurance operation and all the other business that are generating $35 Billion in free cash flow for $250 Billion? Please explain what I'm missing.