BlockBeats reported on Aug. 10 that investor Michael Burry, widely known for "The Big Short," said Berkshire Hathaway no longer appears to be an attractive investment going forward. Burry said his biggest concern had long been what would happen once Warren Buffett eventually stepped down. In his view, the successor would be too old and, more importantly, would not be Buffett, meaning that person would not show the same patience in waiting for the "perfect pitch." Burry said he now believes that concern has become reality. He summed up that view directly, saying that looking ahead, he no longer considers Berkshire to be an appealing investment. The remarks focused on succession and investment style rather than any specific financial metric, and the source report did not provide additional market data or portfolio details.
According to BlockBeats, Michael Burry said on Aug. 10 that Berkshire Hathaway is no longer an attractive investment in his view.
Burry, known for "The Big Short," said his biggest concern had been that when Warren Buffett eventually stepped down, the successor would be too old and, in the end, would not be Buffett. As a result, that person would not have the same patience to wait for the "perfect pitch," he said.
Burry added that he believes this concern has now become reality. "Looking ahead, I do not think Berkshire is an attractive investment anymore," he said.
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