Key Points
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From Sept. 28 through Sept. 30, Berkshire added more than 660,000 shares to its position in Lennar.
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Berkshire is the second-largest stakeholder in the homebuilder.
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Berkshire also fully acquired homebuilder Taylor Morrison in a $6.8 billion deal in July.
If someone who doesn’t really follow the market or investing asked me to describe the investing strategy of Berkshire Hathaway(NYSE: BRKA)(NYSE: BRKB), the massively successful insurance and holding company built by Warren Buffett, I’d tell them just two things to remember.
First, Berkshire aims to be a long-term investor. Buffett famously said that “our favorite holding period is forever.” And second, it prefers to buy companies it believes are temporarily undervalued by the rest…
