Warren Buffett's Acquisition of Clayton Homes

Warren Buffett, the CEO of Berkshire Hathaway, met Jim Clayton, founder of Clayton Holmes, and expressed his admiration for Clayton's success in the manufactured home industry. After reading Clayton's autobiography and contacting his son, Kevin Clayton, Buffett made a deal to acquire Clayton Homes for Berkshire Hathaway. This is how things happen at Berkshire - a phone call leads to opportunities.