Food for thought: Buffett model will take time to digest

With a merger of Kraft and Heinz expected soon, entrepreneur-led food firms are wide-eyed with optimism for the future, writes Kyran Fitzgerald.

Warren Buffett has again joined forces with a Brazilian-run equity finance outfit, this time to acquire a legendary US corporation, Kraft, and merge it with recent acquisition Heinz Foods. This would create the world’s fifth-largest food and beverages giant.

The legendary founding chairman of investment group Berkshire Hathaway has, over the years, conjured fortunes for his shareholders by applying the principles of value investing, originated by Benjamin Graham, and by mixing in large salad cream dollops of common sense.