4 ms·
> But when he buys, he either buys all of a company, or enough of it to have some level of control over it, and that's only possible these days if you're wealth
by pmyteh 9y ago
> But when he buys, he either buys all of a company, or enough of it to have some level of control over it, and that's only possible these days if you're wealthy as he is.
A lot of that is simply that he now has too much money to be able to efficiently buy bits of companies. His early career was still based on value investing, but mainly consisted of regular stock purchases. Berkshire Hathaway still has decent-sized chunks of Coca Cola and various other companies on its books.
- rmrm 9y agoCorrect. His mindset or sugguestion is to only buy shares in a company you would wish to own entirely, and forever. Buffett stresses the ownership of the underlying business, rather than securities speculation.
- deleted 9y ago[deleted]
- workthrowaway27 9y agoAnd he employs a couple of people to make those sorts of investments for him.They're quite good at at it too. I can't remember their names, but it should be easy to look them up. I think they're mentioned in all the recent annual reports.