O'Reilly logo

The Warren Buffett Philosophy of Investment: How a Combination of Value Investing and Smart Acquisitions Drives Extraordinary Success by Elena Chirkova

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Image

Buffett as a Strategic and Portfolio Investor

For the right business—and the right people—we can provide a good home.

—WARREN BUFFETT [BUFFETT, 1977–2013, 1983–1987]

Strategic or Financial Investor?

We don’t sell. We have an entrance strategy, but we have no exit strategy.

—WARREN BUFFETT [CITED IN KILPATRICK, 2005, P. 770]

Financial theory argues that the best price for a business will be paid by the investor for whom the business has the highest value; such an investor is typically a strategic buyer, one who, unlike a financial investor, may have a synergy with the business that is being acquired. For this synergy to be realized, however, the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required