1. What is the possible implication of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement?
2. How well has Berkshire Hathaway performed? How well has it performed in the aggregate? What about its investment in MidAmerican Energy Holdings?
3. What is your assessment of Berkshire’s investments in Buffett’s “Big Four”: American Express, Coca-Cola, Gillette, and Wells Fargo?
4. From Warren Buffett’s perspective, what is the intrinsic value? Why is it accorded such importance? How is it estimated?
5. Critically assess Buffett’s investment philosophy. Be prepared to identify points where you agree and disagree with him.
