Jan. 17, 2026 1:37 AM ETBerkshire Hathaway Inc. (BRK.A) Stock, BRK.B StockFishtown Capital6.48K FollowersCommentsBerkshire Hathaway remains fully valued, with a Price/Book of 1.47 and intrinsic value near its current market cap.FY26 earnings are likely to decline due to lower interest rates and normalization of insurance underwriting profits, creating headwinds for share appreciation.Management has not resumed significant share repurchases, signaling shares are not discounted; a dividend or strategic use of the cash pile is overdue.While new leadership under Greg Abel offers optionality, Berkshire's outsized cash position and limited reinvestment opportunities constrain future compounding.Sanya Kushak/iStock Editorial via Getty ImagesIt's 2026, and I write this with a high percentage of my assets in cash, as I've rung the register on several early 2026 bounce plays. Holding lots of cash is normal for me, but the percentageThis article was written byFishtown Capital6.48K FollowersIndividual investor and family office principal with over 20 years of investment experience. I favor fundamental analysis and look for individual issues and asset classes that are out of favor and represent a good risk/reward trade off. I often employ options strategies, covered calls on companies I own that have gotten ahead of themselves, and writing puts on stocks that I'd like to own at lower prices.Educational background Finance MBA (NYU Stern) with Computer Science undergraduate.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments