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by eupharis
4911 days ago
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This does not sound like Buffett's style at all, from what I have read in his collective essays: http://www.amazon.com/The-Essays-Warren-Buffett-Corporate/dp... He is incredibly passionate about capitalism. Especially smart capitalists responding to pricing signals intelligently. And the symbiosis of good management and good investors to keep companies efficient, take smart risks, and earn consistent, healthy returns. Making huge, counter-intuitive investments is nothing new for Buffett. (Railroads anyone?) I imagine he is doing this for the reason he usually does: he thinks he is getting a huge amount of value for a low price. |
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