Prosus suffers from the same problem as Manchester City Football Club: Because everyone knows it has access to vast amounts of capital, it’s always at risk of overpaying for acquisitions.
Browsing: Berkshire Hathaway
Berkshire Hathaway bought an additional 75m shares of Apple in the first quarter, while dumping its remaining stake in IBM, chairman Warren Buffett said in a CNBC interview. The Apple purchase, which would have
Underlying the festivities at Warren Buffett’s annual bash for Berkshire Hathaway shareholders over the weekend was a sobering fact: finding the next big thing is hard. The Berkshire CEO spoke at length Saturday about his failure