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Dorsey: Berkshire Shares Are Cheap

Buffett's revelation of how he values Berkshire's operating businesses highlights the attractiveness of Berkshire's stock, says Sanibel Captiva's Pat Dorsey.

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Note: Pat Dorsey is the former director of equity research at Morningstar. He is now the president of Sanibel Captiva Investment Advisers.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser at the 2012 Berkshire Hathaway Annual Meeting. I am joined by Pat Dorsey. He is the president of Sanibel Captiva Investment Advisers.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.