Warren Buffett: Why Berkshire Aims To Be The Anti-Conglomerate

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In his 2020 Berkshire Hathaway Annual Letter, Warren Buffett discussed his criticism of traditional conglomerates, and why Berkshire differs from the prototype conglomerate. His criticisms of traditional conglomerates include: Buying “so-so” companies with hefty premiums using inflated stock valuations Deceptive accounting and promotional tactics to maintain the illusion of success … Read More