3 ms·
That's not quite accurate. They talk about paying, and possibly overpaying, for best of breed companies with high and sustainable ROE. They say that explicitly
by throwaway5752 4y ago
That's not quite accurate. They talk about paying, and possibly overpaying, for best of breed companies with high and sustainable ROE.
They say that explicitly here, in their Acquisition Criteria https://www.berkshirehathaway.com/2000ar/acq.html https://www.berkshirehathaway.com/2000ar/acq.html
- mmastrac 4y agoInteresting. Though I find these quotes somewhat amusing from that page: > if there's lots of technology, we won't understand it > We are not interested, however, in receiving suggestions about purchases we might make in the general stock market.