Warren Buffett says he and Charlie Munger, Berkshire's vice chairman, don't view these holdings "as a collection of ticker symbols – a financial dalliance to be terminated because of downgrades by 'the Street,' expected Federal Reserve actions, possible political developments, forecasts by economists or whatever else might be the subject du jour."
They rather see "an assembly of companies that we partly own and that, on a weighted basis, are earning about 20% on the net tangible equity capital required to run their businesses."
Submitted February 23, 2019 at 11:07AM by coolcomfort123 https://ift.tt/2SX3sjm
