$(1)$ What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power?

$(2)$ Based on the multiples of comparable firms, what is the range of possible values for PacifiCorp?

$(3)$ How well has Berkshire Hathaway performed in the aggregate?

$(4)$ How about its investment in MidAmerican Energy holdings?

$(5)$ How does Buffett define intrinsic value? What does he reject as a proxy for intrinsic value?

$(6)$ List three elements of $$academic finance$$ with which Buffet t disagrees?

$(7)$ Do you think the bid for MidAmerican Energy is consistent with Buffet$$s investment philosophy?

$(8)$ Critically asses Buffett$$ s disagreement with $$academic finance$$