The $100 Billion Conglomerate Discount In Berkshire - Seeking Alpha

The $100 Billion Conglomerate Discount In Berkshire
Seeking Alpha
Despite modestly outperforming the S&P 500 year-to-date, Berkshire's (BRK.B,BRK.A) 2016 risks going into the books as a subpar year. During the first six months, book value increased from $256 billion to $263 billion, or an annualized ROE of only 5.5%.