"there were alot of questions based on working out the intrinsic...

"there were alot of questions based on working out the intrinsic value of brk.a/b stock given the ongoing business depth and industries it is in"


The BRK Annual Report includes only one chart on the front page (in fact its not even a chart, its a table) :

The Book Value per share of Berkshire :
This seems a fair way to measure their track record as they dont pay dividends.
Their share portfolio is marked to market, and their fully owned subsidiaries at book value of net assets.

For a company like Berkshire earnings is not a straightforward concept.
What appears on BRK income statement is the profits of their subsidiaries (eg See Candies) but only the dividends from their portfolio (eg KO). Clearly BRK cannot 'Equity Account' KO's earnings because according to Accounting Standards their %shareholding is not high enough to be considered an 'associate' company, but clearly KO earns a lot more than what they pay in dividends to BRK.

(Buffett unofficially 'equity accounts' their investee companies profits using his 'owner earnings' method, ie he adds the fully owned subsidiaries profits to BRK pro-rata earnings of KO etc to arrive at a theoretical profit number for BRK)