Warren Buffett's Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) has been one of the best stocks to own over multiple decades. By now, almost every investor regards the Oracle of Ohama as one of the greatest investors and capital allocation generals that has ever lived; however, many investors also question whether or not the stock is a buy at today's price. 

Despite trading at multiples below historical norms, Berkshire Hathaway continues to expand its global reach by relying on newer business like railroads to drive profits.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analyst David Hanson is joined by Motley Fool One analyst Morgan Housel to discuss the current state of Warren Buffett's Berkshire Hathaway. Morgan points out the incredible earnings power of the company but explains why he doesn't expect +25% returns every year -- and why that's not a bad thing, either.

David Hanson has no position in any stocks mentioned. Fool contributor Morgan Housel owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.