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RWH013: Move Slow, Win Big W/ Thomas Russo
We Study Billionaires - The Investor’s Podcast Network
What's the Difference Between Warren and Charlie Danforth at Berkshire?
Berkshire Hathaway has 140 billion dollars waiting for someone within the family to have a project that they themselves want to jumpstart. Warren Buffett bought an electrical contractor, distributor business 15 years ago and it grew at... It's operating marks in 15% per year for the entire period that he had held it. He stopped having to worry about capital. But many of them, once they end up with a pile of money at the end of the year, they really don't have a need for it. In that case, it goes to Omaha and it fills the pod.
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