July 19, 2019
The payments industry is being driven by two trends: contactless credit cards and the move to a cashless society.
MasterCard has been riding that wave to higher revenues and big gains in stock price.
MasterCard's return on equity is four times that of Visa.
Berkshire Hathaway is undervalued by 17%
Berkshire owns Burlington Northern Santa Fe, the nation's largest railroad.
BNSF will be a major driver of earnings.
The stock should rise to $251 by 2020.
I think Berkshire Hathaway's Class B stock (BRK.B) is undervalued and has the potential to rise 17% to $251 by 2020.