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"The pendulum swung quickly though, and this sector now looks decidedly unattractive to us," said Mr Buffett.
Success in this sector now increasingly depends on scale, and with less than 4% of the market, GMG was not in a position to develop its regional business.
Health services, the only sector of the economy that showed a big gain, added 45,000 more jobs; this sector now accounts for one-third of the total increase in private payroll jobs over the last year.
How would you advise investors to look at this sector now?
The case against investing in this sector now boils down to two things: Stock prices are high, as is the government's propensity to meddle.
This sector now sells closer to parity with the S&P 500 Index at 18 times earnings, itself a heady multiplier.
Similar(53)
In the sector now held by Iraqi forces, calculations on the reduction of forces shall include the number of Iraqi forces in this sector.
It wasn't always as profoundly upsetting and depressing as I find the sector now.
We remain more cautious than most but see little downside in the sector now.
The estimate for the sector now is an earnings increase of 91percentt, up from 80percentt on Sept. 1.
Consecutive governments have crowded out private funding and the sector now prostitutes itself to the state, he went on.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com