Koch Equity Looking More Like Warren Buffett?
Move over Warren Buffett, Koch Equity Development likes your business model. The Koch Brothers might have a slightly different political philosophy than the more liberal Buffett ((and are outright Nazis according to an expert on the Kochs (although not related to Erich Koch)) – and 1930s German history, Whitney Tilson)) , but their investing strategy is right out of the Buffett long-term play book. As banks withdraw from lending, Koch Equity Development stepping in Charles and David Koch, each worth near $53.4 billion, are the world’s fifth wealthiest individuals, according to the Bloomberg Billionaires Index. The pair made their fortune...
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