Berkshire Hathaway, Inc. (BRK/B)

Buy Price: $69.36

This morning we decided to purchase 144 shares or Berkshire Hathaway Class B shares. After the recent spilt we decided, like many others, it was time to enter the position as a core holding for our portfolio. Our short term outlook is that the stock split will cause short term price appreciation and volatility. Berkshire is currently at the lower end of historical price to book valuation and provides strong long term return possibilities. The diversification of the business holdings creates a margin of safety in the current market and economic conditions, more so than a lot of more concentrated businesses. We firmly believe in Berkshire management, and are excited about holding Berkshire for years to come.