Warren Buffett has long preached the virtues of compounding, patience, and discipline. But at this year’s Berkshire Hathaway (BRK.B) (BRK.A) annual shareholders meeting, the CEO and legendary investor offered a candid reflection on what might be the company’s most stubborn obstacle: its own scale.
“It’s too bad that Berkshire has gotten as big as it is because we love that position and I’d like it to be a lot larger than it is,” Buffett said, referring to Berkshire’s $20 billion stake in Japan’s five major trading houses. “We’ve got in the range of $20 billion invested and I’d rather have $100 billion than $20 billion. Size is an enemy of performance at Berkshire and I don’t see any good way to solve that problem.”
