1.On the day of the acquisition announcement, there was a significant change in the share prices for Berkshire Hathaway.

What does the gain in Berkshire's share price imply about the intrinsic value of GEICO? (Note that Berkshire already owned 33.25M shares before the acquisition was announced)

2.Based on Value Line's forecasted information, what is the range of possible intrinsic values for GEICO?

3.How well has Berkshire Hathaway performed as a whole?

In its investment in Scott and Fetzer?

In its initial purchase of GEICO stock? In convertible preferred securities?

4.How does Warren Buffet define intrinsic value?

How is it estimated?

Why does Buffet reject alternatives to intrinsic value?

5.Critically assess Buffet's investment philosophy - where do you agree and disagree with him?

6.Should the shareholders of Berkshire Hathaway endorse the acquisition of GEICO?