Katerina Kosmopoulou comments on the recent changes in Warren Buffett’s strategy in her insight this month and argues that the same criteria that made Berkshire itself, Nestle or Schlumberger the companies they are today also apply to Amazon, Google and Priceline.
Business Formation, Creative Destruction and Long Term Investing
“The test of a first rate intelligence is the ability to hold two opposed ideas in the mind at the same time and still retain the ability to function”
F. Scott Fitzgerald (The Crack-Up, 1936)
At the beginning of the month, some of us here attended the Berkshire Hathaway annual general meeting in Omaha, Nebraska. It is of course a landmark event in the investment world calendar and a unique opportunity to engage up close with Berkshire’s two legendary leaders: Warren Buffett and Charlie Munger.