Earnings report looking questionable on 8/5. Hope I'm wrong. Warren brags that he leaves it all up to the CEO's after buying with the "great" CEO's continuing to run their company. IMO a big mistake. Everybody needs a little supervision. Too many company's, too little supervision. Who's minding the store/s?
Chris, I misspoke when I said that the company's that Berkshire buys or buys into recently "wants" to lose money. Of course they don't. It just seems that Berkshires latest investments are not helping the goal of shareholders, that is to make a few dollars. Maybe I'm wrong, but paying a dividend, and there are massive dollars available each year might help the share price, which would be a better option for investors. Constantly buying more and more company's when there are no bargains available, as Warren has stated, seems to be in conflict with shareholders. And yes I did know they did not pay a dividend when I bought a few shares.
And a big #$%$ to the person who gave me a thumbs down. Maybe someday you will have some thoughts of your own. Probably not.
Prhsx has gone down practically every day since it was closed to new investors. Not a great decision.
So, Niles, you think your opinion and thoughts are the only ones that should appear on this message board? How arrogant is that?
CNBC had a Yale professor on today and said Valeant has no real business plan. Well, don't they do the same thing as Warren Buffett, buying successful company's, cutting costs, increasing prices. What's the difference?