It's not very often that Warren Buffett gets in a beef with someone regarding the holdings in Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) But the proposal made by Third Point hedge-fund CEO and activist investor Dan Loeb to spin off Dow Chemical's (NYSE:DOW) petrochemical manufacturing business didn't go over well with Buffett.
In conversations with Dow CEO Andrew Liveris, Buffett said he was happy with the moves the company has made so far, and they were in line with investors who -- to quote Liveris -- "will stay versus investors who will leave."
So, who is right in this case? Loeb does have some valid points in his letter to Dow management, but does that mean the company should pretty much completely split in two? Tune into the video below to find out what side Fool.com contributor Tyler Crowe lands on with this argument and what Dow has in its future with the petrochemical manufacturing part of the business.