After the Bell: Buffett and Munger — the would-be heroes of Cape Town
Opportunities in business turnaround. Did you know Warren Buffet’s Berkshire Hathaway was founded on a corporate turnaround and many of the company’s investments are premised on a turnaround strategy vested in cyclical stocks? Buffett looks for troubled companies buys them, and turns them around. He purchased Berkshire Hathaway in 1965, and over the years, created the world’s largest holding company. With familiar brand names like Duracell under its belt, the company has a market cap of close to $700 billion and Class A stock trading above $460,000 per share.