Berkshire undervalued, 10-12% growth expected.
Berkshire Hathaway is trading at a discount to intrinsic value (~$570 per B share, ~0.85x fair value) with intrinsic value growing ~9.3% annually, expected to compound at 10-12% per year from operating businesses and share repurchases. Greg Abel has initiated buybacks, signaling management's view of undervaluation.