Buffett Wants a Big Deal. Lately, He’s Settled for Small Ones

June 27, 2017, 7:22 PM

It’s been a while since Warren Buffett struck a big deal, but that hasn’t kept him from settling for smaller trophies.

On June 26, investors learned that the billionaire’s Berkshire Hathaway Inc. made a $377 million bet on Store Capital Corp., a real estate investment trust that largely caters to service businesses. (Think health clubs and preschools.) That transaction followed a similar-sized agreement last week to prop up Home Capital Group Inc., an embattled Canadian home lender.

Buffett’s imprimatur as one of the world’s savviest investors sent the value of both businesses soaring, earning Berkshire quick paper profits. Still, the ...

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