Salient to Investors:
Warren Buffett said that book value is the best available proxy for intrinsic value.
Meyer Shields at Stifel Nicolaus said book value is a number you can hold on to and a reasonable depiction of company worth.
Tom Lewandowski at Edward Jones said it’s harder to move the needle when you’re a $180 billion book value, $210 billion market-cap company as there aren’t as many great investments that can be found.
Read the full article at http://www.bloomberg.com/news/2012-11-01/berkshire-may-post-biggest-gain-in-book-value-since-2010.html