Strange article. Not much content about what Buffet actually thinks and it goes onto some sort of political diatribe against Mitt Romney.
In my opinion PE shops fill a different sort of gap. Whereas Buffet benefits by buying a company that is extremely well managed, PE shops can sometimes create value by changing the management team of a company that is not optimally run.
Mitt Romney's track record at BCG, Bain, and Bain Capital should be examined, but I don't understand why it's in an article about Warren Buffet.
In my opinion PE shops fill a different sort of gap. Whereas Buffet benefits by buying a company that is extremely well managed, PE shops can sometimes create value by changing the management team of a company that is not optimally run.
Mitt Romney's track record at BCG, Bain, and Bain Capital should be examined, but I don't understand why it's in an article about Warren Buffet.