> Warren Buffett Blog: Bufffett praises Berkshire way of management

Tuesday, June 3, 2014

Bufffett praises Berkshire way of management

Our approach makes sense: great managers, great businesses, conservatively capitalized. Capitalism is about allocating capital, and we can do that without tax consequences. We can take money from See's and move it to the place of best return, as the situation says, be it wind farms or whatever. And nobody is better to do that than Berkshire. But, it needs to be done with business-like principles, not stock promotion. You can see what happened with Tyco.