For those of you that hang on to every word that Warren Buffet has to say, I hope you don't mind that I point out the following. Berkshire Hathaway stock is selling at the same price that it did in 2007.
Mr. Buffett takes money that he earns in the insurance company and instead of reducing premiums, he takes the excess and invests it in mature companies like PG, JNJ, WPO, WFC, AXP, KO, KFT, etc.
He is a rich man but Berkshire Hathaway is nothing more than a conglomerate, period, end of subject. Lots of hype, but no shareholder returns in many years.
Mr. Buffett takes money that he earns in the insurance company and instead of reducing premiums, he takes the excess and invests it in mature companies like PG, JNJ, WPO, WFC, AXP, KO, KFT, etc.
He is a rich man but Berkshire Hathaway is nothing more than a conglomerate, period, end of subject. Lots of hype, but no shareholder returns in many years.
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