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He has also long argued that investors with much money have far more attractive investing opportunities. If you're controlling tens or hundreds of billions, sm
by xiaoma 16y ago
He has also long argued that investors with much money have far more attractive investing opportunities. If you're controlling tens or hundreds of billions, small caps don't even move the needle on your portfolio if you buy the whole company! At Berkshire's size high growth investments are very hard to come by. The almost have to be something exceptional like this.
- candeira 16y agoWell, you can invest in Berkshire Hathaway stock and be sure that, unlike the evil idiots at Goldman Sacks, Buffet will be managing your money in your long term benefit, and putting it in those far more attractive investing opportunities in your behalf.
- prodigal_erik 16y agoLast I heard, BRK.A trades at a pretty hefty premium above the market value of its assets (not something you normally want to see in a holding company), and nobody knows whether a protégé of Buffet will be able to come anywhere near his celebrated performance.
- Swannie 16y agoBuffet himself does not believe that will happen. If you read the 2010 letter to shareholders, he states that going forward he does not expect growth in the order they have in the past. That he and Charlies biggest challenge is to maintain a solid baseline of market matching, and occasionally beating, performance. They can't really go for the big wins any more - due to their market cap, a big win would have to be astronomical to give them growth like they had in the 80s.
- deleted 16y ago[deleted]