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March 3, 2008

Warren Buffett on corporate acquisitions

Warren Buffett’s annual letter to shareholders of Berkshire Hathaway is, of course, always worth reading. This year’s does not contain too many surprises but there are plenty of valuable insights and good jokes.

I particularly like his comparison (at the top of page 9) of corporate acquisitions that go wrong to the line in a song by Bobby Bare (politically incorrect though it is):

I’ve never been to bed with an ugly woman but I’ve sure woke up with a few.

March 3rd, 2008 in Management | Permalink

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