facebook pixel
Warren Buffett, the chairman and CEO of Berkshire Hathaway and one of the most successful investors in history, shared a remarkable story about an unexpected acquisition in a 2012 interview with Economic Club President David M. Rubenstein. Buffett recounted receiving a letter from an Israeli entrepreneur, ultimately leading to a $4 billion purchase. “He wanted me to go see it. He told me what a wonderful plant he had and everything,” Buffett said. Initially hesitant, he responded, “I’m not going to go see it. You know I don’t go to Iowa.” Despite his reluctance, Buffett agreed to buy 80% of the company for $4 billion on the condition that he would visit the plant afterward. Buffett humorously explained his aversion to business travel, saying, “I’m not going to start crossing oceans or anything crazy like that.” However, after the purchase, he did visit the plant in Israel. “It was everything he said, and he was very pleased,” Buffett noted. He admitted, “If I’d seen this thing, I’d h...
https://www.instagram.com/p/C8cHRuSNaKJ
Posted on Instagram ·

 16.7k

 36

Credits
Suggested Credits

Credits on Gondola describe each credited role and may be incomplete. A brand or featured person is not necessarily the creator.

Tags, Events, and Projects