The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and consumer goods editor/analyst Austin Smith discuss topics across the investing world.
In today's edition, Brendan and Austin discuss Warren Buffett's iconic company, Berkshire Hathaway. Brendan rates Berkshire as a buy mainly because of its incredibly cheap valuation. Trading at just 1.13 times book value, the stock is very close to where Buffett has said that Berkshire would repurchase shares -- at 1.1 times book value. Clearly, the Oracle of Omaha thinks Berkshire's stock is trading well below intrinsic value. The company's core businesses are still performing well, and Berkshire continues to be run by the world's greatest investor. Check out the video below for more on why Berkshire is a buy today.
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