GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Buffett Author Robert Hagstrom Discusses Prospects of More Berkshire Acquisitions

March 01, 2013 | About:
CanadianValue

CanadianValue

209 followers
Robert Hagstrom wrote one of the earliest books about Buffett ("The Warren Buffett Way") and also is chief investment strategist at Legg Mason.

Asked what is the key to Buffett's success, Hagstrom pointed to the fact that Buffett is always rational.

Buffett does not let emotions and psychology impact his thinking, and is always making sensible choices.

With respect to the $40 billion in cash still sitting on Berkshire (BRK.A)(BRK.B)'s balance sheet, Hagstrom doesn't think it will sit there unused for too long.

Hagstrom also discusses the fact that Buffett's job is to allocate capital and not to manage businesses. That is why Berkshire is set up with a decentralized structure and will transfer smoothly post-Buffett.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 2.3/5 (3 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide