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eastern south central KS | Yes, I read that in the report also. I don't know that I would call that "wordsmithing"... he is recognizing that the stock prices of Kraft Heinz and Occidental have both declined since BRK made large investments in them. Therefore the company did a write down of the in the asset value of those investments and revealed that to shareholders. Warren has always been pretty upfront when he has made investment mistakes... he has talked a fair amount about paying too much for Kraft Heinz at the annual meetings the last few years. I personally think that Oxy could still became a good investment for BRK
but Brk's timing on share purchases could have been better. Most of us who have long term history in the stock market have suffered those kind of mistakes ourselves... I certainly have! | |
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Word smithing
