How Warren Buffett’s ‘big error’ may finally be paying off after a decade

Synopsis Warren Buffett’s $37 billion acquisition of Precision Castparts, once acknowledged as an expensive mistake, may finally be paying off. Supply shortages and GE Aerospace’s rival acquisition have reportedly lifted Precision Castparts’ value to about $100 billion. Warren Buffett once called Berkshire Hathaway’s $37 billion acquisition of Precision Castparts in 2016 pricey, but the legendary investor’s bet might finally be paying off nearly a decade later. Back in 2016, when the deal was first announced, Buffett said during an interview that it was “a very high multiple for us to pay,” but told shareholders that he had great confidence in…