What Attracted Berkshire to Lubrizol
Lubrizol's niche market, the critical function of its products, and focus on service lead to better pricing power and stickiness, says Sanibel Captiva Trust's Pat Dorsey.
Jason Stipp: I am Jason Stipp for Morningstar. The 2011 Berkshire Hathaway meeting is in the rearview mirror, but with six-plus hours of Q&A commentary to pore over, we're still finding some interesting points.
So I am sitting down today with Pat Dorsey. You may remember Pat as our former director of equity research. He's now at Sanibel Captiva Trust, but he is still a great friend of Morningstar.
Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.