pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Having spent over a decade in large scale M&A this would concern me greatly. I can't tell you how many times I saw CEOs or others in charge of acquisition decision-making "fall in love" with the deal and make stupid decisions as a result.... like adding highly questionable revenue or expense synergies to be able to offer a higher price to get to a deal rather than walking away.Concerns me that Buffet still does all the talking for company. If succession plan so solid, why not bring those folks out from behind curtain to built trust?
Also, Buffett recently said it takes a big acquisition to make it worth BRK’s time. With all the cash, easy for successor to make big mistakes. Think about GE doing deals to hit #’s, now selling to get back to growth profile.
Last edited: