alt Hacker NewsBerkshire Hathaway has this attitude, with the proviso that the corporate management at the acquired firm must be competent, and the firm be profitable and protected by a "moat."
It's amazing that they trot out Sees Candy every year for the shareholders' meeting when they own GEICO.
It seems that Disney isn't doing this quite right.
For one thing See's Candy is fundamentally a value-added operation and GEICO is a positive cash flow financial structure which remains competitive by trying not to remove as much value from the customer as the next guy.