⁍ Warren Buffett has been slammed as ‘washed up’ after failing to deploy his Berkshire Hathaway conglomerate’s massive cash pile during the coronavirus crash.
⁍ A fund manager dubbed ‘Britain’s Warren Buffett’ isn’t surprised by claims that his namesake is past his prime.
⁍ The SDL Buffettology Fund has drawn on Buffett’s investing principles to return more than 220% since it was launched in 2009.

– Warren Buffett has been under fire lately for not using his massive cash pile more effectively, but a fund manager dubbed “Britain’s Warren Buffett” isn’t surprised. “I wish I had a tenner for every time I have heard that criticism of Warren Buffett aired!” Keith Ashworth-Lord, who manages the Sanford DeLand SDL Buffettology Fund, tells Business Insider. “There just haven’t been the opportunities this time around.” That’s because big banks are better funded and governments have moved quickly to bail out struggling businesses this time around, Ashworth-Lord says. “The most important lesson is to switch off markets and concentrate all your effort on assessing what a business is really worth and what you are being asked to pay for it,” he adds, referring to Buffett’s belief that investors buy parts of companies and shouldn’t be distracted by stock-price movements. “Buffett has repeatedly said that he doesn’t see bargain basement prices on offer yet,” Ashworth-Lord says. “Given the amount of cash that Berkshire is sitting on and where prices are today, I would have thought that buybacks come into the frame.”

Source: https://www.businessinsider.com/britains-warren-buffett-shares-1-key-lesson-berkshire-chief-2020-7