Warren Buffett has his aw-shucks act down pat. And the Sage of Omaha has monetized that image to great effect, sweeping into situations to support companies in a tight spot with his cash and his implicit seal of approval while getting a plum deal that no other shareholder could land. With markets sagging and deals drawing opposition, such imprimaturs have a value – and at Ritchie Bros Auctioneers (RBA.TO), it’s the turn of Starboard Value’s Jeffrey Smith to play rescuer.
Jeff Smith makes for a substitute Warren Buffett
Category: News
Published On - January 31, 2023
