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Doug Kass/ Berkshire Hathaway (BRK.B) midday Q&A roundup: After calling himself "Daniel in...

Doug Kass/ Berkshire Hathaway (BRK.B) midday Q&A roundup: After calling himself "Daniel in the lion's den," Kass asks if Berkshire is now more like an index fund since it hunts primarily for "elephants" (e.g. Burlington Northern, Heinz) rather than "gazelles." Buffett says growth may slow, but BRK will still generate lots of value. Kass wonders if Buffett's successor will have the same opportunistic, deal-making prowess — Buffett says BRK will still be the place to which companies turn (think Goldman in '08) in times of distress. Kass wants to know if Buffett plans to breakup Berkshire à la Henry Earl Singleton. That would "create poorer results," Buffett responds. (WSJ, NY Times)
Comments (2)
  • Matthew Lewis
    , contributor
    Comments (317) | Send Message
    Some decent points by Kass. Kudos to Buffett for having him there to shoot against the company. Good stuff.
    4 May 2013, 12:58 PM Reply Like
  • New Low Observer
    , contributor
    Comments (2030) | Send Message
    Kass was underwhelming and didn't ask questions that warranted his presence. Yeah, it was nice to have a short seller on the panel but he [Kass] didn't bring anything to the table even tried to weasel in a wager of short selling versus against Buffett/Munger to which Munger said "NO!"
    4 May 2013, 11:08 PM Reply Like
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