Berkshire Hathaway

Finance a la shmoop what is a closed-end fund? well it's a type of mutual fund [Man approaches mutual fund desk]

only like a bank at any convenient time it's closed

like its assets are enclosed in its price closed means that the fund itself

doesn't actively trade assets back and forth inside of it on a daily basis like

the most famous closed-end mutual fund in the world is Berkshire Hathaway [Man pushing pram of a baby with Berkshire Hathaway briefcase for a head]

Warren Buffett's you know other child the successful one it owns 40 or 50 key

assets from Geico to train companies to metal machinery firms in Israel to

boatloads of shares of stocks like coca-cola and Gillette and Wells Fargo

all of those assets are wrapped up in a tidy BRK bow and the stock market values [Stock market values appear]

ticker BRK daily by trading it back and forth among investors so yes the assets

inside of the fund do change but in an analogous mutual fund that is open the

value placed on the shares is at what is called net asset value, that value is

calculated by just adding up the 843 stocks at the mutual fund owns or however

many the number is and then just calculating a value based on the number [Calculation appears]

of share units comprising that open end mutual fund the closed-end fund has no

changes that way it's just investors valuing the whole bucket of investments

in one closed number now if you'll excuse us we have to get back to [Baby crying in a crib with Berkshire Hathaway briefcase for head]

babysitting for Warren Buffett isn't she just an angel