Newsig · CNBC

Buffett's confidence in troubled decade-old acquisition finally pays off

Warren Buffett has said he paid too much for Precision Castparts in 2016. Now its complex metal castings are in high demand.

Why it matters

BRK.B (Berkshire Hathaway) · Why linked: Same corporate parent context as Precision Castparts ownership. Market context: Mildly bullish sentiment from successful long-term capital allocation narrative.

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