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Everybody Wants to Invest Like Buffett. Here’s What It Takes

Big private equity firms—and lots of other people with money—are looking for a way to get into Buffett’s buy-and-hold model of investing. It isn’t easy.
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Warren Buffett Says Stocks Still Attractive Versus Bonds


A few years ago, private equity managers were growing tired of sitting on the sidelines, watching Warren Buffett’s Berkshire Hathaway make landmark investments in Kraft Heinz and BNSF Railway. They wanted to get in the game.

To play, they would need to give themselves lots of time—decades, in fact—and as near-to-permanent capital as they could muster. Ambitious buyout firms bet that by raising long-­duration funds, they would finally have the patient capital to do those eye-watering megadeals they’d been coveting.