TIVP038: Berkshire Hathaway (BRK.B): From Buffett to Abel w/ Daniel Mahncke & Shawn O’Malley

In this episode of The Intrinsic Value Podcast, Shawn O’Malley and Daniel Mahncke discuss Berkshire Hathaway, Warren Buffett's conglomerate, covering its history from a struggling textile company to a diversified holding company. They analyze key acquisitions like National Indemnity, See's Candy, and BNSF, highlighting the importance of float, strong management, and capital allocation. The hosts also discuss Berkshire's equity portfolio, including major investments in American Express, Coca-Cola, and Apple, and evaluate the company's valuation using a sum-of-the-parts approach, ultimately deciding to add Berkshire to their intrinsic value portfolio with a 10% allocation, viewing it as a stable, market-like return with less risk and skilled capital allocation. They also touch on the succession of Greg Abel as CEO and its potential impact on Berkshire's future performance.