InnocentsAbroad

Buffett's Financial Bets

Ok. Is it possible that on those companies, as with so many other investors, he had poor accounting data ?

I am just amazed at the current poor quality of accounting data for publicly held companies. The accounting academics are decades behind where the basic economy is.

My argument would be Warren Buffett just didn't have the time and energy to do full dilligence, as with so many other investors.