Fortune

Over the next three weeks, the media will be clogged with forward-angled articles looking past the Warren Buffett era at Berkshire Hathaway as the legendary CEO and investor turns 85 at the end of the month. I won’t be writing any of them. While it seems sensible to contemplate the next managerial chapter as a CEO closes in on 90, Buffett has confounded conventional thinking so often over the decades that maybe we should instead focus on what he’ll do next. After all, he isn’t even getting tired, as we see in Monday morning’s news of his biggest deal in years.

Berkshire has just announced that it will pay $32 billion in cash for Precision Castparts (total deal value: $37.2 billion), a company that could be described non-metaphorically as a nuts-and-bolts business. Here we observe a corporate leader at his most characteristically contrarian: Precision’s stock was down 22% this year…

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