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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?


To: Jocelyn Ally who wrote (1274)12/31/1999 9:52:00 AM
From: opalapril  Read Replies (1) | Respond to of 1652
 
The Sage of Omaha blows it again.

"It appears that Warren Buffett was completely unaware of this workers' comp exposure when he had Berkshire Hathaway buy General Re in 1998."

Warren likes to say he buys good businesses and leaves the management alone. More and more, his sloppiness is hurting shareholders. It's past time for him to take a second, harder look at management of these dogs he keeps buying and lop off some heads. Start with the yo-yos who work for BRK and supposedly did the due diligence before buying.