4 ms·
You've described the opposite of what he does. It is widely known that Buffett does not interfere with a newly acquired company's strategy, management, or overa
by natex 13y ago
You've described the opposite of what he does. It is widely known that Buffett does not interfere with a newly acquired company's strategy, management, or overall market. His bets are sure bets currently -- as they are.
- 3am 13y agoHe wasn't talking about their management processes, he was talking about their capital structure. And he was right. A lot of the acquired companies have high ROIC, because Berkshire Hathaway at its core is a big insurance company and Buffett's investing is there to increase the book value by investing the float.