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These Warren Buffett Moves May Not Have Made Sense, But They Paid Off Big Time

BRK.B Chart
BRK.B Chart

It's not really hypocrisy...

...its mental flexibility.

Warren Buffett has very few "hard and fast" rules, and he's willing to change course in order to get the best return for Berkshire shareholders. As much as anything else, this is why Berkshire Hathaway has grown per-share earnings nearly 20% annually since 1970, and been one of the greatest investments of the past century. While having a plan is important, and being steadfast at times makes sense, the lesson we can all learn is that different situations can mean different decisions.

Berkshire's acquisition of BNSF Railways essentially led to Buffett's realization that all three of these things were worth doing differently than he'd done them in the past. And for that, Berkshire is in better shape, and its shareholders owe the Oracle yet another great big "thanks."

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The article These Warren Buffett Moves May Not Have Made Sense, But They Paid Off Big Time originally appeared on Fool.com.

Jason Hall owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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