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Sydnee Gatewood
Sydnee Gatewood
Articles (2598) 

Wally Weitz Comments on Berkshire Hathaway

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July 30, 2020 | About:
Berkshire (NYSE:BRK.A)(NYSE:BRK.B) (YTD: -21%) is also our top detractor to year-to-date results. Shareholders appeared frustrated that CEO Warren Buffet had not deployed any of the company’s sizeable cash war chest during the market swoon (either by buying new businesses or buying in their own stock). Mr. Buffett has cautioned that an economic recovery would not be immediate, and it will take time to understand potential fundamental changes to our economy and human behavior. Although its shares have lagged the market, we feel Berkshire Hathaway is built for such times, and will again prove its value.

From Wallace Weitz (Trades, Portfolio)'s Partners III Opportunity Fund second-quarter 2020 commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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