Austin Ligon

It's Not So Easy to Know What Buffett Is Buying

This is really a dumb note on a dumb point, particularly the reference to Alex Taylor's article on "who bought CarMax", which was even dumber.... Berkshire ONLY OWNS 40 public stocks....regardless of which subsidiary/executive does the buy, do you honestly think that some reflect a Buffett view of the world and others are just randomly bought by some out of control minion ? Buffett is famous for developing people he trusts in key positions at BRK, but all of their investments reflect his philosophy and input. And obviously he does everything he can to hide his decisions from the rest of the world until he and his team have executed their strategy. His net worth and his reputation rest on their joint decisions, and he takes investment decisions very seriously. This is best reflected in how few big investments BRK actually makes.