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Sequoia: We're Still Very Comfortable with Berkshire

Sequoia's Bob Goldfarb explains the reasoning behind the fund's trimmed Berkshire stake, as well as their attraction to Fastenal.

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Mike Breen: Greetings, this is Mike Breen from Morningstar.

I am here with Bob Goldfarb and David Poppe of the Sequoia Fund, and they are Morningstar's domestic equity fund managers of the year for 2010. Welcome.

Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.