The Next Berkshire Hathaway - Part 1

For a stock that has such a deep association with Warren Buffett, it sure does hide in plain sight

I am spending a lot of time on this particular stock as I truly believe that this can be a very long term hold for any value investor. This is the part 1 of the write up, the subsequent parts will be posted soon.

There are too many companies touted as next Berkshire Hathaway, and with Buffett’s pending retirement, finding the stock that will take on the crown has become important for many investors. Bill Ackman wants to turn Howard Hughes into a “modern day Berkshire Hathaway”, though his performance record is sketchy. This particular company I want to bring your attention to today, has had a head start and comes with a pedigree that is second to none.

Hint: this company is not Markel - though Tom Gayner from Markel is on the Board of Directors!

Let’s get started.