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Strategies & Market Trends : Buffettology
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To: IndependentValue who wrote (4501)12/7/2015 7:29:05 PM
From: Shane M  Read Replies (2) of 4691
 
Yes, sounds accurate. The Snowball book mentions a case where one of the managers of a company Buffett was involved with actually asks Buffett for advice, and Buffett defers essentially letting the manager know Buffett isn't going to get involved. I think I've heard them describe their style as management by abdication.
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