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No. of Recommendations: 2
given Berkshire's massive leverage via float. Any other company and people would be calling for the CEO's ouster. One, five and 10 year returns below the market. WEB missed badly coming out the financial crisis as he was too slow (afraid?) to put capital to work. I've said for years the buyback policy is silly and too telegraphed. Buffett's worst trait is his stubbornness. He admittedly missed badly on businesses such as Google and Amazon which were well within his circle of competence. Honestly, not sure where we go from here but it's been incredibly frustrating continuing to hold this underperformer. Lots of things I'll never understand like why we continue to hold a loser like Coca-Cola that was something like 80 times earnings at one point and is a bloated business from a cost perspective. Don't get why a 3G can't come in and make the real change to that business it needs. Could go on and on but why bother when things aren't going to change.
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