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3min chapter
TIP482: How Warren Buffett Became the Greatest Investor to Ever Live (Part 1)
We Study Billionaires - The Investor’s Podcast Network
Warren Buffett's New Business Model
Buffett was on the phone almost daily with Berkshire employees trying to make sure he didn't lose any money. In an October 1967 letter to shareholders, he wrote that he would limit himself to activities that were easy, safe, profitable and pleasant. Buffett weaseled his way to talk Ringwald into selling National Indemnity to him. This is when Buffett figured out a whole new business model.
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