The Importance of Attending the Berkshire Meetings

William Ackman: I very much want my investments not to be of the VC kind where capital markets are funding growth, but where growth is if it's being funded internally. So a side trip organized at one of the Westco meetings was a visit to C's Candies. He says Warren Buffett wants all of our excess cash to go straight to head office. But they would have had the opportunity to withhold cash from that they were generating and try stuff, he adds.