The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and analyst Jason Moser discuss topics across the investing world.

We've heard a lot from Buffett over the past week. In his recent letter, Berkshire Hathaway seems to be doing well, and its investments have been performing well. Why then has its stock been underperforming over the past two years? Jason and John consider some reasons, and then wonder whether now is a good time to pick up shares.

Jason Moser owns shares of Berkshire Hathaway. John Reeves owns shares of Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway, International Business Machines, Coca-Cola, and Wells Fargo, and has the following options: short APR 2012 $21.00 puts on Wells Fargo and short APR 2012 $29.00 calls on Wells Fargo. Motley Fool newsletter services recommend American Express, Berkshire Hathaway, and Coca-Cola. 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.