TAILIEUCHUNG - An Analysis of Berkshire Hathaway 2012

This paper gives insights into the BA segment with a special focus on Germany. First we introduce the concept of BA financing. In a second step we analyse the BA market in Germany. We conclude that there is a significant excess demand for early stage financing. In the third part of this paper we explain, how the EIF aims to address this by providing a flexible and timely support to the BAs market through establishing an intermediation infrastructure to efficiently leverage this investor base. This infrastructure is going to be piloted in collaboration with the German Business Angel Network (BAND). | An Analysis of Berkshire Hathaway December 12 2012 T2 Partners LLC This presentation is posted at T2 Partners Management . Manages Hedge Funds and Mutual Funds and is a Registered Investment Advisor The General Motors Building 767 Fifth Avenue 18th Floor New York NY 10153 T2 Partners LLC Disclaimer T2 Partners LLC THIS PRESENTATION IS FOR INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY AND SHALL NOT BE construed to constitute investment adviCe. nothing contained herein shall constitute A SOLICITATION RECOMMENDATION OR ENDORSEMENT TO BUY oR SELL ANY security oR Other financial instrument. INVESTMENT FUNDS MANAGED BY WHITNEY TILSON AND GLENN TonguE own stock in Berkshire HATHAWAY. THEY HAVE No OBLIGATION TO UPDATE THE INFORMATION CONTAINED HEREIN AND MAY MAKE INVESTMENT DECISIONS THAT Are inconsistent with the Views Expressed in This presentation. WE MAKE NO REPRESENTATION OR WARRANTIES AS TO THE ACCURACY completeness or timeliness of the information -TEXT Graphics or other items Contained in THIS- presentation. WE eXpRessly disclaim all liability fOr errors or omissions iN OR THE MISUSE OR MISINTERPRETATION OF aNy information Contained in this presentation. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS AND FUTURE RETURNS ARE NOT guaranteed. .

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