Rodent Regatta

Berkshire Hathaway’s closing share price for an A share topped $100,000 this week. Today, the stock has traded between $100,000 and $101,000 per A share. The company is clearly on track to have an outstanding year. Remember, when one buys Berkshire Hathaway the thought process is that you are buying small slices of the great list of businesses that Berkshire owns.

While we’re talking about businesses, how does a business make and sell 1,511,000 of something in three months and lose $5.8 billion? In other words, on every unit you sell, you are losing $3839 in either direct losses or write-downs associated with past decisions. At Ford, quality is job 1. The fact is that quality is the path from where they are to where they want to be—not in a quarter, but during the coming years. Their’s is a stressful, but interesting problem to solve if quality, value and US manufacturing catches your fancy.