Kinder Morgan Inc (KMI): Actually, Warren Buffet didn't do the re...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	107
Posts	11954
Boards Moderated	0
Alias Born	04/06/2007

slazenger7

Re: IL Padrino post# 722

Thursday, 07/14/2016 1:17:19 PM

Thursday, July 14, 2016 1:17:19 PM

Actually, Warren Buffet didn't do the research or personally buy KMI. He didn't even know he had bought Kinder Morgan. One of his portfolio managers made the play -

"In a CNBC interview, Buffett acknowledged he was surprised about the purchase of the Kinder Morgan stake. He states one of his two new portfolio managers most likely made the purchase. The purchase of the $392 million stake was actually too small of a position to even be on Buffett's radar. Buffett spends his time hunting elephants. He does not get involved in any deals usually unless they reach at least the billion-dollar level. Buffett stated:"

"I think when you see a position of that size, it is probably theirs. I am not going to get involved in something that doesn't involve at least a few billion."

http://seekingalpha.com/article/3974641-kinder-morgan-ladies-gentlemen-warren-buffett-left-building