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Buffett also achieved enough scale where he could buy a controlling stake in some small public companies. Amidst some of the folksy quotes, a fair bit of money
by shoo 5y ago
Buffett also achieved enough scale where he could buy a controlling stake in some small public companies. Amidst some of the folksy quotes, a fair bit of money was also made by Buffett & co sending in a new manager to a freshly acquired business to perform the ugly work of shutting down and selling unprofitable segments of the business and firing the associated staff. As a tiny retail investor in public companies without the ability to engineer a control situation, this kind of thing is not possible to replicate.