KKR, Brookfield, and Apollo are attempting to mirror Warren Buffett's Berkshire Hathaway by adopting long-term investment strategies. KKR emphasizes long-term bets, while Brookfield leverages insurance as a core component. Buffett's success stemmed from using 'float' from insurance to finance investments without pressure, allowing for prudent capital allocation. His decentralized management style enables effective operations, freeing him to focus on critical investment decisions. This unique model has garnered envy in the financial sector, highlighting the significance of discipline and smart decision-making in achieving sustainable success.
Wall Street heavyweights are vying to become the next Warren Buffett - or at least build their own versions of Berkshire Hathaway.
Instead, they could be patient and prudent, only buying when the price was right, and purchasing businesses intending to own them forever.
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