Whitney Tilson was on CNBC this morning discussing Berkshire Hathaway's Shareholder Letter.
Here are the highlights:
Tilson stated that he ran the numbers and it turned out that Warren Buffett only paid 8x pre-tax earnings for Burlington Northern Santa Fe!
Tilson thinks it was an incredible acquisition.
Tilson does not think that Buffett has a target acquisition in mind but notes that Buffett is on the look out.
Tilson thinks we will more likely see more small acquisitions like ISCAR, rather than a repeat of Burlington. However, he will easily have the cash to make an acquisition larger than Burlington soon.
Tilson interestingly notes that Buffett is increasingly looking outside the US for investments, as he soon will be visiting India, Japan, and South Korea. Tilson notes how Buffett's circle of competence has grown so large, that Buffett is comfortable investing almost anywhere in the world.
Tilson still thinks that it is more likely Buffett will acquire an American company over a foreign one.
Tilson states that money is coming in at a rate of $1 billion a month. With the repayment of the Goldman Sachs and GE preferred stock Berkshire will have $60 billion of cash!
Here are the highlights:
Tilson stated that he ran the numbers and it turned out that Warren Buffett only paid 8x pre-tax earnings for Burlington Northern Santa Fe!
Tilson thinks it was an incredible acquisition.
Tilson does not think that Buffett has a target acquisition in mind but notes that Buffett is on the look out.
Tilson thinks we will more likely see more small acquisitions like ISCAR, rather than a repeat of Burlington. However, he will easily have the cash to make an acquisition larger than Burlington soon.
Tilson interestingly notes that Buffett is increasingly looking outside the US for investments, as he soon will be visiting India, Japan, and South Korea. Tilson notes how Buffett's circle of competence has grown so large, that Buffett is comfortable investing almost anywhere in the world.
Tilson still thinks that it is more likely Buffett will acquire an American company over a foreign one.
Tilson states that money is coming in at a rate of $1 billion a month. With the repayment of the Goldman Sachs and GE preferred stock Berkshire will have $60 billion of cash!
