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The Berkshire Hathaway of The Internet | by Andrew Wilkinson | Medium

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Warren Buffett is famous for handshake deals and one-page contracts. He often buys multi-billion-dollar companies after a few phone calls, usually without ever meeting the management team in person or visiting their facilities. Not only that, but he typically pays below market prices and avoids dealing with investment bankers. Despite all this, he has amassed a collection of over 65 wholly owned companies, ranging from See’s Candies, to Dairy Queen, to Fruit of The Loom. Today, his holding company, Berkshire Hathaway, is worth almost $500 billion. So, if he pays below market, refuses to negotiate, and won’t even visit them in person, why do wealthy entrepreneurs and families sell to him? Because he makes it easy. Selling your business is usually a long and frustrating experience, full of stops and starts, hard-nosed negotiation, and emotional flareups. It typically takes 6–12 months and the process looks something like this: Now let’s look at Warren Buffett’s process for buying a busin

Finance Business Berkshire Hathaway Investment Banking Bootstrapping The Berkshire Hathaway of The Internet Andrew Wilkinson 8 min read · Mar 19, 2017 -- 49 Listen Share Warren Buffett is famous for handshake deals and one-page contracts. He often buys multi-billion-dollar companies after a few phone calls, usually without ever meeting the management team in person or visiting their facilities. Not only that, but he typically pays below market prices and avoids dealing with investment bankers. Despite all this, he has amassed a collection of over 65 wholly owned companies, ranging from See’s C

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