> Warren Buffett Blog: Warren Buffett praises Mark Donegan of Precision Castparts

Monday, February 29, 2016

Warren Buffett praises Mark Donegan of Precision Castparts

Just weeks after completing the purchase of Precision Castparts, Warren Buffett told shareholders on Saturday that he expects the manufacturing company’s chief executive officer, Mark Donegan, to keep up his buying streak.

“In building his business, Mark has made many acquisitions and will make more,” Buffett said in his annual letter to investors of his Berkshire Hathaway Inc. “We look forward to having him deploy Berkshire’s capital.”

While Buffett snags most of the attention for his mega deals – like the buyout of Precision Castparts – the comment is a reminder of how he’s set up Berkshire to have multiple avenues for reinvestment.