Apple's Scary Stock Ride: Why the 'Jockey' Really Matters
Chuck Saletta
Posted 5:00AM 02/26/13
link-
http://www.dailyfinance.com/2013/02/26/apple-stock-jockey-play-steve-jobs/
"Which brings us to what many perceive as perhaps the biggest current jockey play around: Berkshire Hathaway (BRK.A) (BRK.B). Warren Buffett has led the company for decades, and many people see Berkshire Hathaway's success as an extension of the iconic investor's investing genius."
"There is a difference between Berkshire and those other jockey plays, though. Buffett's genius is his ability to find undervalued companies with solid leadership and add them to Berkshire's portfolio. Buffett also generally keeps the leadership of those acquired companies intact, letting them keep doing what they did to become successful in the first place. That style difference means that when octogenarian Buffett hands over Berkshire's reins, the next jockey won't need to be a financial genius of Buffett's caliber in order for Berkshire to succeed."
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