Friday, November 7, 2014

Ruane, Cunniff & Goldfarb Investor Day - Comment on China

From a transcript of the Ruane, Cunniff & Goldfarb Investor Day:

Jon Brandt: On the China part, I would say with every company we study, we look at all the end markets,and if a business is in China we might expect that business to grow more than others. But as Will was saying before about cyber security, we are not really top down. We do not say, 'Let’s find something in China and do it.' We do have somebody who is fluent in Mandarin and who is over there quite a bit. So he might want to comment on that a little bit. And if there were a business that had a huge exposure to China and it was growing fast, we would be excited about that if the company were domiciled in a place where we were sure the shares were actually ours and the people running it were trustworthy

No comments: