Finance

How Warren Buffett's 'big error' may finally be paying off after a decade

Warren Buffett’s $37 billion acquisition of Precision Castparts, once acknowledged as an expensive mistake, may finally be paying off. Supply shortages and GE Aerospace’s rival acquisition have reportedly lifted Precision Castparts’ value to about $100 billion.

How Warren Buffett's 'big error' may finally be paying off after a decade

How Warren Buffett's 'big error' may finally be paying off after a decade

What Happened

Warren Buffett’s $37 billion acquisition of Precision Castparts, once acknowledged as an expensive mistake, may finally be paying off. Supply shortages and GE Aerospace’s rival acquisition have reportedly lifted Precision Castparts’ value to about $100 billion.

Key Details

Original reporting provided by Economic Times Markets.

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Sources

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