No. of Recommendations: 13
A huge part of being a BRK shareholder is talking about the proverbial "elephant" that Berkshire is trying to bag.
The problem is, our largest acquisition to date, PCP was an unmitigated disaster, as was the recent Pilot acquisition, the Lubrizol purchase and the Kraft/Heinz debacle.
It seems like Berkshire's real circle of competence is insurance and investing in marketable securities.
So I don't understand all this hand wringing of waiting for the perfect acquisition.
I would love to see Berkshire acquire something like Chubb, or buy huge into the S and P 500 Index or individual names when valuations become favorable.
Explain why this would NOT be preferable to buying 100% of private businesses?
Despite all of Warren's folksy mantras about reading people, and carefully selecting partners, etc., the track record has been meh, hasn't it?
