Originally Posted by
Fortunecookie
I see what you mean. Berkshire is well positioned. They seem to have plenty of cash to invest at any time, purely because it just generates cash. I am not familiar with Abel I have to admit. He seems very successful in his own right and he has been part of the Berkshire ecosystem. I do get the feeling Buffett has always been stern in decision making, but never liked confrontation. So this direct approach from Abel is an interesting contrast. Knowing Buffett he would have done a thorough job sussing him out for the role.
Its interesting they are buying into Japan banks. It reminds me of the the Chandlers brothers from Hamilton. At one time they bought into a Japan Bank. They ran a very concentrated portfolio and achieved a excellent investment record. I don't think too many people in this country know about them. But they are right up with the great investors. I think 30% plus p.a over 20 years.