It’s been a while since Warren Buffett struck a big deal, but that hasn’t kept him from settling for smaller trophies.
On Monday, investors learned that the billionaire’s Berkshire Hathaway made a $377-million bet on Store Capital, a real estate investment trust that largely caters to service businesses. (Think health clubs and preschools.) That transaction followed a similar-sized agreement last week to prop up Home Capital Group, an embattled Canadian home lender.
Buffett’s imprimatur as one of the world’s savviest investors sent the value of both businesses soaring, earning Berkshire quick paper profits. Still, the transactions do little to resolve