Deals
Buffett Phase Two Means Seeking Deals More Enduring Than Stocks
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Warren Buffett pressed the case at Berkshire Hathaway Inc.’s annual meeting for why takeovers make more sense for the company than the stock picks that propelled growth for decades.
The billionaire told thousands of shareholders at the CenturyLink Center in Omaha, Nebraska on May 3 that he and business partner Charles Munger are focused on acquiring large companies to create “more enduring” value.