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We Study Billionaires - The Investor’s Podcast Network cover image

TIP555: Lessons from the World's Greatest Capital Allocators

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Unlikely Takeover of Berkshire Hathaway

Buffett's takeover of Berkshire Hathaway was unlikely from an outsider's perspective due to his young age and lack of prior management experience./nBuffett cultivated a close relationship with the family who owned Berkshire Hathaway, which helped facilitate its takeover./nUnconventionally, Buffett acquired the company without using any debt./nBuffett was primarily attracted to Berkshire Hathaway due to its cheap book value./nAt the time of the takeover, Berkshire Hathaway's market cap was only $18 million.

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