The billionaire downplayed expectations at his AGM. But he still believes the Berkshire Hathaway culture creates a longterm advantage. But it's difficult to see how the "faith" uniting the conglomerate and its shareholders can survive the inevitable departure of its boss.
Technical glitches delayed the debut of Fadesa, Spain s first IPO in nearly two years. That didn't stop shares from rising, even if they don't look too cheap. Telecinco, due to list this summer, looks to have an easy ride. Fadesa, Spain's first IPO in nearly two years had a successful debut despite technical glitches and a risky business model. The likes of Telecinco, due to list this summer, look to have an easy ride.