Charles Ortel, managing director of Newport Value Partners, talks with Bloomberg's Betty Liu about his criticism of Warren Buffett's recent investment strategy. Buffett, who scolded Kraft Foods Inc. over its plan to issue stock for an acquisition, is using shares of his Berkshire Hathaway Inc. to pay for his purchase of Burlington Northern Santa Fe Corp. The apparent inconsistency may signal that Berkshire’s shares are more fully valued than Kraft’s.
(Source: Bloomberg)
(Source: Bloomberg)
