No. of Recommendations: 1
" One difference between Buffett and Abel, according to those who know both men: Abel doesn’t shy away from confrontation. Buffett has said that he has left people in managerial roles even if they don’t meet his standards, preferring to avoid the unpleasant aspects of management. Abel, on the other hand, is unafraid to do what it takes to improve the business, even if it means firing someone.
While he emphasized that Berkshire’s favorite holding period is “forever,” if a business doesn’t meet his expectations, a sale isn’t out of the question, according to the people. Berkshire has rarely sold its wholly owned subsidiaries, unloading its newspaper businesses in 2020 and closing its textile business in 1985."
AAAAAAAmen!
