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>, but that they chose companies that were struggling or undervalued, brought them into the fold and multiplied their value. Fyi... That's the opposite of Warr
by jasode 4y ago
>, but that they chose companies that were struggling or undervalued, brought them into the fold and multiplied their value.
Fyi... That's the opposite of Warren Buffet's preferred approach. He's made it known that he's not a "turnaround artist" that buys distressed companies and fixes them. Some private equity firms specialize in that type of buy-and-flip but that's not Berkshire's preferred method.
Warren's approach is to buy great companies generating free-cash-flow and with excellent management already in place.