Pat Dorsey the former director of equity research at Morningstar, author of well known value investing book "The Little Book That Builds Wealth" and now president of Sanibel Captiva Investment Advisers comments on Warren Buffett's strategy for capital intensive businesses and factors driving these investments.
Dorsey says that by investing in high-quality but capital-intensive businesses, Buffett might be trying to prevent his successor from making a big mistake.
Here is the video:
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