Buffett on Acquisitions

11:06 AM  Pisstol Aer   Labels:
"...managers need to know how to value a business to think sensibly about acquisitions. Since they don't, they rely on Wall Street, which of course recommends doing deals because they get paid X if the deal doesn't go through and 20X is the deal does." - Warren Buffett

Notes from the 2001 Berkshire Hathaway Shareholder Meeting
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Buffett on Acquisitions
Buffett on Acquisitions
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Rating : 4.5