5min chapter

Founders cover image

#272 Kobe Bryant (The Life)

Founders

CHAPTER

Warren's Letter to a Guy Who Wants to Sell His Family Business

Warren Buffett wrote a letter in 1991 to a guy who indicated he might want to sell his family business. He says if you should decide to sell I think Berkshire Hathaway offers some advantages that most other buyers do not. All of the businesses we own are run autonomously to an extraordinary degree. When we buy a business the sellers go on running it just as they did before the sale and adapt to their methods rather than vice versa.

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