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Comment by valuearb

As I've said separately, I believe BRK's float is over-rated. It's just a loan and only a small part of their capital base.

But your focus on the "powerhouse five" over See's Candy's is backwards. The powerhouse 5 are all very new acquisitions, and were purchased in part because See's candies was so amazingly successful as an investment.

In 2011, Buffett said that See's had directly earned $1.65B for Berkshire since it's acquisition. Those earnings were reinvested in Berkshire, so over the years they've probably added as much as $10B to Berkshire's value. That's enough to have enabled the purchase of one of the "power house 5" by itself.

parent valuearb 9 years ago

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