Berkshire Hathaway, Inc. is a holding company that owns many diverse companies. Review the company’s 2011 annual report. You can access it at
www.berkshirehathaway.com/2011ar/linksannual11.html.

Requirements
With a partner or group, lead your class in a discussion of the following questions or write a report as directed by your instructor.
1. What types of companies does Berkshire Hathaway own?
2. Locate the consolidated balance sheet. At December 31, 2011, how much did the company hold in debt and equity investments? How are these investments classified?
3. Review Berkshire’s consolidated statement of cash flows for the year ended December 31, 2011. Identify each item related to the company’s debt and equity security investments, the amount of the item, and the section of the cash flow statement in which the item appears.
4. Review Note 1(g). How, if at all, does the company use fair value measurements in regards to its investments?