How to Maximize Business Relationships with Jon Halverstadt
Negotiate Anything
00:00
Warren Buffett's Idea of a Generalist
I'm trying to find those kind of niches where it's hard for people to compete with me or my partners on stuff. I like businesses, this is not my idea, this is really Warren Buffett's idea. He likes businesses with high barriers as an entry. We were talking a little while ago about Kinder Morgan, which is a business he just invested in. And I happened to invest in it before he did, thank God. So I got a little value there,. But they've been getting killed on their stock price because oil prices are low. It would take over probably a billion dollars to build and then however much for all the legal and the EPA and everything.
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