Scott Black, the president and founder of Delphi Management, loves cheap stocks.

Lucky for him, he found three amid a roller-coaster year for equities. The money manager gave CNBC’s “Squawk Box” his three best value plays to help deal with this year’s violent swings in the stock market, including one of the market’s biggest names.

For his first pick in the Platinum Portfolio challenge, a running contest between top money managers, Scott Black chose Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) Class B shares as a much cheaper alternative to its about $190,000-per-share older brother, the company’s Class A shares.

Scott Black: Hot value plays for your portfolio