No. of Recommendations: 7
Over the long haul, very glad that Warren pulled the trigger on PCP.
Maybe over the long haul, it will turn out okay. But it seems like an awful lot of slack you are giving WB on what was not a great acquisition. That was an expensive, high multiple acquisition that left many of us scratching our heads. A lot of people gave BRKB wide berth when it happened because of the history and credibility WB had. But it seemed like a mistake unless WB figured out something that no one else had. And because it was him, a lot of people assumed he did. Until they wrote down the business and essentially admitted it was a mistake to buy the business at the time, at the value they ascribed.
Glad its working out now, after many years, but I can't say I was glad he pulled the trigger on it.
