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Wallace Weitz Comments on Berkshire Hathaway

July 15, 2013 | About:
Holly LaFon

Berkshire Hathaway (BRK/B--$112)(BRK.B) We and our clients have owned Berkshire continuously since 1976. It is “built to last” and we expect it to continue to compound shareholder wealth for years to come. People have been worrying about a post-Warren Berkshire for decades, but we believe that with management in place at all the subsidiaries, strong successors identified, and an expressed willingness to buy back substantial amounts of stock if it should trade down for any reason, we are comfortable continuing to hold the shares.

From Wallace Weitz’s second quarter 2013 letter to shareholders.


Rating: 3.6/5 (5 votes)

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