Buffett Says Business Model at Valeant Was Enormously Flawed
(Bloomberg) -- Warren Buffett says Sequoia Fund holding in drugmaker was “unfortunate.”
- Buffett says he was urged by some to buy stake, without saying whom
- BRK/A’s Charlie Munger says Valeant had turned into a “sewer”
- Buffett comments at annual meeting Saturday in Omaha, Neb.
- NOTE, April 20: How Sequoia Fund's Valeant Mistake Upended a Top Performance {NSN O5XYDZ6TTDSC }
Alert:
HALISTERSource: BFW (Bloomberg First Word)
Tickers VRX CN (Valeant Pharmaceuticals International Inc)
BRK/A US (Berkshire Hathaway Inc)
SEQUX US (Sequoia Fund Inc)
People Charles Munger (Berkshire Hathaway Inc)
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