Subject: Re: Question on Abel’s investment philosophy
I disagree with you here my Car Dude:-). I thought he gave a stock answer that you would expect from a Berkshire executive which is what I wanted to hear. He talked about cash as a strategic advantage, prudent risk management and when it came to owning "pieces of a company" he basically deferred to the people that do that which is fine because he's an operator, not a stock picker. For me that was the key part even if it rambled a little bit. I mean if we were going to punish Berkshire CEO's for rambling a bit Warren and Charlie would've been in jail by the mid nineties! :-)