The following video is part of our "Motley Fool Conversations" series, in which senior analyst Matt Argersinger and analyst Paul Chi discuss topics around the investing world.

In today's edition, Paul and Matt discuss Loews, a diversified holding company that looks and feels a lot like Berkshire Hathaway. Loews boasts a team of talented capital allocators, whose job is to allow capital to flow to the highest-rate-of-return projects among its subsidiaries. This company has rewarded shareholders for more than 50 years and is trading for only 80% of book value, a cheap price to pay for a quality business. Paul thinks the company is worth a look for investors who love the Berkshire model but would like additional diversification.

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