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Berkshire Hathaway Part III
Acquired
What Are the Lessons From the Solomon Debacle?
The most valuable company in the world at that point probably was an oil company, and probably was in the neighborhood of two to 300 billion dollars. So they have all this cash. It's a great climate to invest. But one of the lessons that i think waren't entirely took away from the solomon de bacle was you don't necessarily want to be like a the major primary equity oder during a crisis. In case things really go right,. You don't want to be that guy that's called up in front of congress, you know? You really don't.
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