Warren Buffett is at coronary heart a price investor. Berkshire Hathaway’s latest funding exercise, together with the acquisition of greater than $4 billion in HP inventory, illustrates that.
Much has been made through the years about Buffett’s transformation away from a deep-value investor within the mildew of his mentor Benjamin Graham to 1 who acknowledged the worth of nice franchises like Coca-Cola (ticker: KO), and would pay up for them. “It’s far better to buy a wonderful business at a fair price than a fair business at a wonderful price,” Buffett…
