>But, though short-termism is typically bad for the company it has been good for some entities, like Carl Icahn, Bain Capital et al. I wouldn't call it good for the economy. Buffet is a buy and hold.
Buffett is buy and hold as long as he retains confidence in the management team. He's certainly not afraid to sell.
Entrenched, complacent management is as much a danger to a company's value as "asset strippers". Surely the fact that the company's valuation has dropped so precipitously is a good reason to fire any CEO, particularly when the rest of the market is up so much over the same period.
Buffett's got a famous bit of advice that you want to own businesses any fool can run, because sooner or later a fool will be running it. But that aside, he's certainly not going to ride an investment down if the CEO is damaging value and Buffett is unable to remove them.
Buffett is buy and hold as long as he retains confidence in the management team. He's certainly not afraid to sell.
Entrenched, complacent management is as much a danger to a company's value as "asset strippers". Surely the fact that the company's valuation has dropped so precipitously is a good reason to fire any CEO, particularly when the rest of the market is up so much over the same period.