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The Berkshire model works because investors admire Buffett and are willing to pay to benefit from his judgment. Why should shareholders want to let Yahoo invest
by prodigal_erik 11y ago
The Berkshire model works because investors admire Buffett and are willing to pay to benefit from his judgment. Why should shareholders want to let Yahoo invest their money, instead of giving it back so they can do so themselves? Does Yahoo have a track record of M&A success beyond Alibaba?
- Riod 11y agoExactly. Plus buffett came with a hugely successful track record from his partnership days and bought Berkshire outright. What the hell has anyone on Yahoo's current board or Marissa done in terms of earning a return on capital?