Berkshire Hathaway (NYSE:BRK.A; NYSE:BRK.B) $BRK.A $BRK.B has demonstrated strategic confusion. Sokol the heir apparent to Warren Buffett claims there was a 5% chance that Buffett was going to go for the deal. Warren Buffett is making public comments about an itchy finger and an elephant gun.
Were Buffett and Sokol on the same page? What did Buffett hear in Sokol’s report after the first meeting to justify a complete 180 turn. Must have been something real good to make the old boy turn on his heel and write the big cheque. How surprised was Sokol when Buffett finally went for it?
Do Buffett executives understand what is expected? Or does Buffett keep the cards close to his vest and keep them all guessing?
Disclosure: “George Gutowski” writes from a “Caveat Emptor Perspective” I hold no positions in stocks mentioned in this post. I have no plans to initiate new positions within the next 72 hours.
- Forget The Acquisition, Here’s Where David Sokol Could Be In Trouble On Lubrizol (businessinsider.com)
- Buffett Surprised As Top Berkshire Exec Departs (npr.org)
- David Sokol: Timeline of His Lubrizol Stock Purchases (blogs.wsj.com)
- Sokol’s trades (truthonthemarket.com)