I just read an interesting post by Jennifer Yousfi of MoneyMorning.com on how we can find a little protection in these turbulent markets, Conglomerates.

Todd Sullivan of Value Plays believe that Berkshire Hathaway is "fairly valued" at todays market price. The last time, Todd feels, that Berkshire represented "value" was exactly 8 years ago in March 2000 at the height of the dot.com bubble. Since then its share price has risen 256% even after the current drop.

According to Buffett

This is the second part to Todd Kenyon's article on Warren Buffett's Berkshire Hathaway, and his attempt at putting an intrinsic value on the behemoth company.

Right off the bat Buffett comments on the credit debacle:

Below is the first part of Todd Kenyon's notes on Warren Buffett's annual shareholder letter that was released last night.

"As always, Buffett reinforced many of his main tenants: good businesses have sustainable competitive advantages, generate attractive returns on capital, and are run by extraordinary managers, even if they don't have to be: