The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA discusses topics across the investing world.
Warren Buffett is in an interesting position. Breaking with prior practice, his company, Berkshire Hathaway, has decided to buy back shares of its own stock when they trade at 110% of book value or less. But buying back shares means, by definition, being on the other side of the transaction from your own shareholders. In the interest of full disclosure, Buffett's latest letter to shareholders details why he believes Berkshire Hathaway is worth far more than its book value. Anand shares his favorite reason.
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