Warren Buffett, Risky Car Salesman
Wherever Warren Buffett goes, investors follow. Such is the power of the Oracle of Omaha's reputation. True to form, Berkshire Hathaway's recent purchase of the Van Tuyl car dealership group has pushed up the share value of other large dealership companies. Some of these new investors may simply be front-running Buffett, buying up equity in dealerships they think Berkshire may acquire. But for anyone who thinks now is the best time to buy into car dealerships, a quick reality check may be in order.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Anti-Immigration Fervor Is Different This Time
- The Current Sex Panic Harks Back to the Era of Coddling Women
- This Tax Bill Is a Trillion-Dollar Blunder
- Thank Goodness for Donald Trump
- Why Austria's Anti-Immigrant Experiment Is Worth Watching
- Black Voters Lead a Democratic Surge
- How Gavin Newsom Got to Be a Front-Runner