Buffett: The Opportunity Cost Approach

I think a lot of Berkshire comes back to picking the right management or picking great people then structuring these incentives correctly. Like, yes, we bought a candy business and like, maybe it doesn't grow that much. But like, well, we could buy other things to try to build the candy unit. That's what happened, I think, with with BlueDorn or some of the other conglomerates; you get into one business. Now, this is a new business unit and then maybe it's aerospace. And I was like, well,. let's buy more things in aerospace versus the Berkshire, you know, the opportunity cost approach of like,Well, we have this unit,