HALISTER: Buffett Says Business Model at Valeant Was Enormously Flawed

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: HALISTER
Source: 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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