Warren Buffett Defends Berkshire’s 2015 Moves
- 8 years ago
Warren Buffett's annual letter to Berkshire Hathaway Inc. shareholders highlighted his optimism about the conglomerate's performance and the future of the American economy.
But the billionaire also used sections of the 31-page letter to again address criticism of some of Berkshire's business moves.
Mr. Buffett took pains to elaborate on his company’s controversial partnership with 3G Capital Partners LP, the investment firm that co-owns Kraft Heinz Co. and Burger King’s parent company Restaurant Brands International Inc. with Berkshire.
The two partners share the same goal of buying and holding large businesses but “follow different paths” in pursuit of that objective, Mr. Buffett wrote, justifying a relationship that some Berkshire shareholders have questioned.
But the billionaire also used sections of the 31-page letter to again address criticism of some of Berkshire's business moves.
Mr. Buffett took pains to elaborate on his company’s controversial partnership with 3G Capital Partners LP, the investment firm that co-owns Kraft Heinz Co. and Burger King’s parent company Restaurant Brands International Inc. with Berkshire.
The two partners share the same goal of buying and holding large businesses but “follow different paths” in pursuit of that objective, Mr. Buffett wrote, justifying a relationship that some Berkshire shareholders have questioned.