Buffett pays high price for Precision Castparts

The purchase extends Berkshire's transformation from a company largely dependent on insurance businesses into one resembling the broader U.S. economy, including a railroad, several industrial companies, utilities, a car dealership and consumer goods businesses. It also joins several recent Buffett forays into unglamorous sectors, including a big stake in what is now Kraft Heinz Co and the pending takeover of the Duracell battery business from Procter & Gamble Co . "I'm not cra