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The Essays of Warren Buffet

Mindware

CHAPTER

How to Buy a Business

Berkshire is an unusual buyer, a rather unusual one. We buy to keep, but we don't expect to have operating people in our parent organization. All of the businesses we own are run autonomously to an extraordinary degree. If you should decide to do business with Berkshire we would pay in cash. Your business would not be used as collateral for any loan by Berkshire. It's only fair to tell you that you would no richer after sale than now.

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