No. of Recommendations: 13
I found Michael Burry's comments on Berkshire rather interesting.....
finance.yahoo.com - Michael burry sends warning one"My biggest fear for Berkshire Hathaway was that when Warren finally stepped down, the successor would be too old and otherwise not Warren, so would not have his patience for the fat pitch. I believe this fear has come true. I do not find Berkshire an attractive investment going forward,"
First, let me say I am a big fan of Burry the investor but these comments strike me as awful rich. So we can presume his opinion that plunking down $26B on Google and aggressively authorizing buybacks over 1.4 times book is "not waiting for the fat pitch", but making that determination after Abel being at the helm a mere 6 months is not also jumping the gun?? Furthermore, from Warren's own mouth he said he initiated the Google purchases. The opinion seems lazy which is disappointing for someone that I see has a great ability to cut through the BS and spot what is usually nefarious behaviour.