INSUBCONTINENT EXCLUSIVE:
NEW DELHI:Legendary investor Warren Buffett in his annual letter to Berkshire Hathaway shareholders said that the company was 100 per cent
Berkshire Hathaway will have its annual general meeting on May 2, 2020.
Buffett ready with successor planIn his annual letter, Buffett said
attractive returns on the capital they use
allowing the company to withstand external shocks of an extreme nature
We possess skilled and
devoted top managers for whom running Berkshire is far more than simply having a high-paying and/or prestigious job
Yahoo will be streaming the event worldwide
They are outstanding individuals, both as managers and as human beings, and you should hear more from them
Buffett said.
Potential acquisitions meeting Buffett criteria rareBuffett said buying new businesses should meet three criteria: they must
earn good returns on the net tangible capital required in their operation; they must be run by able and honest managers; and they must be
available at a sensible price.
Buffett said whenever his company spots businesses, his preference would to buy 100 per cent of them
Far more often, a fickle stock market serves up opportunities for us to buy large,
but non-controlling, positions in publicly-traded
concluded that acquisitions are similar to marriage: They start, of course, with a joyful wedding, but then reality tends to diverge from
In other cases, disillusionment is swift
look for business-savvy directors, who are owner-oriented and arrive with a strong specific interest in the company
of course, seek managers whose goals include delighting their customers, cherishing their associates and acting as good citizens of both
Berkshire, Buffett said, will buy back its stock only if Charlie Munger and he believed the stock is selling for less than it is worth and
Buffett said calculations of intrinsic value are far from precise
In 2019, the Berkshire price/value equation was
modestly favorable at times, and we spent $5 billion in repurchasing about 1 per cent of
invariably overlooked.
The Oracle of Omaha felt director compensation has now soared to a level that inevitably makes pay a subconscious
meetings consuming a pleasant couple of days six or so times a year