Buffett battles his own fame as bargain hunter
THE billionaire investor Warren Buffett, who runs Berkshire Hathaway Inc, is battling his own reputation as a bargain hunter as he seeks to deploy the $400 million a month the company’s insurance units produce.
With pressure on to keep the $111 billion company growing after four decades of 22% average annual returns, the 72-year-old chief executive officer had to overcome a four-month campaign by minority stockholders in Clayton Homes Inc to block his $1.7 billion purchase. Critics said the price was too low.
