Charlie Munger said Berkshire would be worth double if he and Buffett used leverage
Publishing timestamp: 2023-12-01 07:22:57
Summary
Charlie Munger, the late vice chairman of Berkshire Hathaway, stated that the company could have doubled its value if they had used leverage when buying businesses and stocks. However, Munger and Warren Buffett chose not to use leverage in order to prioritize their shareholders' interests. Munger explained that the use of leverage can significantly increase risk and potentially lead to large losses. Despite this, Munger acknowledged that Berkshire Hathaway did utilize leverage in the form of its insurance float.
Sentiment: NEUTRAL
Tickers: BRK.A,
Keywords: berkshire hathaway inc, investment strategy, warren buffett, business news, stock markets, breaking news: investing, markets, breaking news: markets, wall street, breaking news: business, charlie munger,