The Importance of Business History

When I was in Porsche something I heard quite often is that German companies offered you know it's not for other investors it's for German investors and even with the Porsche company like a large part of the company is owned by a government entity right so you do see different governance standards in the US versus other countries in Europe. And what's interesting is I think this is the same company, Ron I think but if you go to Berkshire Hathaway's 13 F and you scroll down the page here they have a almost billion dollar position in CE which is sell and ease or at least recently. Just having that background it can help inform you as an investor because a lot of these businesses are still around a